DraftKings, FanDuel Agree To Stop Accepting Bets From NY Residents
DraftKings and FanDuel will stop taking bets in New York while the state considers legalizing daily fantasy sports.By Grant Suneson | March 21, 2016
In the latest chapter of the ongoing saga between the state of New York and daily fantasy sports, DraftKings and FanDuel have both agreed to stop accepting money from New York residents for paid contests.
That may sound like a blow to the companies, but it actually might be a huge win; New York Attorney General Eric Schneiderman will drop all illegal gambling claims from lawsuits against both companies.
New York claims daily fantasy is a game of chance and therefore illegal. DraftKings and FanDuel claim playing requires skill, so they shouldn’t be treated as gambling operations.