New York AG Files Enforcement Action Against FanDuel, DraftKings
The New York Attorney General has filed an enforcement action detailing what he says are violations committed by Daily Fantasy Sports powerhouses FanDuel and DraftKings. Both companies were ordered to cease taking bets form New York state citizens last week.
The following are excerpts of the memorandum of law filed by the Office of the Attorney General:
Submitted by: Aaron Goldstein on November 17, 2015
DraftKings, FanDuel Denied Temporary Restraining Orders to Stay Open in New York
NEW YORK — (Reuters) - A New York state judge denied a temporary restraining order sought by daily fantasy sports companies DraftKings and FanDuel in an effort to keep operating in the state after New York's attorney general deemed the games to be illegal gambling.
In seeking the restraining orders, the companies said that New York Attorney General Eric Schneiderman's office had been pressuring their vendors to stop doing business with them, and they could be forced to close up shop in the state.
Submitted by: CCostigan on November 16, 2015
South Dakota to Discuss Daily Fantasy Sports Legality on Wednesday
While it is a state with a small population, South Dakota Attorney General Marty Jackley issued a statement Friday saying there will be a meeting on Wednesday to determine how his state should respond to New York's Attorney General Eric Schneiderman's declaration that Daily Fantasy Sports is a form of illegal gambling.
"Federal law, the state in which a wager is made and the state in which a wager is received may have jurisdiction over the matter," he said on the news release.
Submitted by: Vito Conti on November 13, 2015
DraftKings CEO Tells ESPN They've Hired the Best Lawyers Money Can Buy
Appearing on ESPN's "Outside the Lines" Friday afternoon, DraftKings co-founder Jason Robins said he is optimistic that his company can continue operating in New York State despite the Attorney General there demanding they stop taking bets from NY residents.
Hiring the top legal brains sends a message that "We think we wanna win and we can win".
These include the likes of Randy Mastro and Deb Wong Yang of Gibson Young along with the lead partners in Boise, Schiller.
Robins would not talk about the prospects of winning.
"We feel very confident."
DraftKings CEO Jason Robins to Discuss NY AG Decision on ESPN Today
DraftKings CEO Jason Robins will be making an appearance on ESPN's "Outside the Lines" to discuss the New York State Attorney General's decision to ban his company and FanDuel from taking bets there. The show will air at 1:30 pm EST.
DraftKings Gets Strong Ally in Massachusetts Governor Charlie Baker
DraftKings.com has one powerful politician its corner. Massachusetts Governor Charlie Baker says he believes DraftKings is a "game of skill" and admitted to playing the free version of their site on his phone this past weekend.
"I don't think it's gambling," he said on Thursday, according to Boston Herald's Matt Stout. "It's a game of skill."
DraftKings is based out of Massachusetts capital and largest city of Boston.
"I'm convinced it's legal in Massachusetts," he said on WGBH radio.
FanDuel, DraftKings vow to fight New York's halt on bets
Daily fantasy sports sites FanDuel and DraftKings are prepared to fight in court against New York state's top prosecutor, who said that they were running illegal gambling operations and ordered them to stop taking bets in the state.
DraftKings called the cease and desist order issued by New York Attorney General Eric Schneiderman on Tuesday "hasty and uninformed" and said it was prepared to mount a legal challenge so the company could continue operating in the state.
Sports Illustrated Looks at Implications of NY AG Action Against DraftKings, FanDuel
Michael McCann of Sports Illustrated asks the question "What's Next for DraftKings and FanDuel?" This after New York Attorney General Eric Schneiderman declared their activity as illegal gambling and forbidden in the Empire State.
DraftKings, FanDuel Defiant Over NY AG Order: Suggest He's Attention Whore
The two biggest Daily Fantasy Sports sites, DraftKings and FanDuel, issued defiant statements following New York Attorney General Eric Schneiderman order for the two companies to cease taking bets from state residents.
Daily Fantasy Sports a No-Win Proposition: Revenues Up for Top Two Sites
The two leaders in Daily Fantasy Sports continue to see drops in their total weekly entry fees following increasing scrutiny by some state Attorney General's offices as well as lottery and gaming commissions.
"FanDuel, DraftKings, and Yahoo all suffered small dips in total entry fees, but they balanced the books accordingly with reduced prizes out totals," SuperLobby said in its weekly data release. "This means improved effective margins for the big guns — all three will likely feel satisfied with their NFL Week 9 Sunday results."
FanDuel Looks to Enter UK Market
One of the leading Daily Fantasy Sports sites FanDuel has announced aggressive plans to enter the United Kingdom market.
The company had already applied for a UK gambling license, lending further credence to the notion that what it does is gambling.
Congress Not Ready to Come After Daily Fantasy Sports Industry Yet
While a handful of state commissions and attorney generals have opted to investigation the explosive Daily Fantasy Sports sector following allegations of insider trading and possible violations of state gambling laws, the U.S. Congress has indicated there is little interest in tackling the issue, at least not in the near term.
There are, after all, more pressing priorities.
Buzzfeed recently spoke to one of the highest ranking Senators:
Steelers Have Some Fantasy Value This Week
Sure Ben Roethlisberger looked pitiful this past week against division rival the Cincinnati Bengals, but Week 9 you'll want to consider him for your Daily Fantasy roster, if only the price were a bit lower. The Pittsburgh Steelers face a new look Oakland Raiders team in Week 9.
Are Daily Fantasy Sports Sites Ready to Concede What They Do is Gambling?
When DFS911.com assisted with the promotion and other aspects of the first ever Daily Fantasy Sports Expo in Miami Beach, organizer Marc Lesnick was told by a number of entities within the industry – "Do not associate your event in any way with gambling".
DFS Contest Fees Continue to Plummet for Third Week
In the wake of a handful of state Attorney Generals, Gaming Commissions and politicians cracking the whip on the explosive Daily Fantasy Sports industry, SuperLobby.com data has shown that industry-wide entry fees for DFS guaranteed tournaments has continued to fall.
NFL Players File Class Action Case Against DFS Site FanDuel
Washington Redskins player Pierre Garcon is leading a class action lawsuit for the NFL players against leading Daily Fantasy Sports website FanDuel.
The wide receiver is suing for misuse of players' names and likenesses without obtaining the proper licensing or permissions. The suit is being filed in federal court in Maryland.
Daily Fantasy NFL Week 8 Tight Ends to Target
DFS911.com has your Daily Fantasy NFL Week 8 tight ends you will want to target along with the salaries offered on each.
Travis Kelce ($5K) – This seems like a no-brainer. Kelce secured 5-of-6 targets for 73 yards in the Chiefs' Week 7 win over the Steelers. He is always going to be considered a fantasy TE1 but more so this week than most others.
Submitted by: Don Shapiro on October 30, 2015
Daily Fantasy Sports Industry Calls for Self-Regulation: Others Say 'Impossible'
The Fantasy Sports Trade Association (FSTA), seemingly caught off guard by the events of recent weeks confronting the Daily Fantasy Sports industry, is now calling for self-regulation after a handful of state Attorney Generals have launched their own investigation into possible improprieties that include allegations of insider trading and the close association to illegal gambling.
Submitted by: Aaron Goldstein on October 30, 2015
Chris Christie: 'Regulating Daily Fantasy Sports a Stupid Idea'
TRENTON, N.J. — (Associated Press) - New Jersey Gov. Chris Christie says regulating fantasy football is "a stupid idea."
The governor's comments Thursday morning on CNN came after he ridiculed the idea during Wednesday night's Republican presidential debate and seemed to preclude New Jersey from taking action to regulate daily fantasy sports, even as other jurisdictions have done so or considered doing so, claiming they amount to gambling.
Submitted by: CCostigan on October 29, 2015
Chris Christie Sends Out Fantasy Football Fundraiser Email
As a few state legislators and attorney generals mull over the legality of Daily Fantasy Sports, New Jersey Governor and Republican Presidential candidate sent out a fund raising email asking his supporters to submit their DFS lineup changes prior to the start of the Giants/Redskins game four weeks ago.
Cowboys Owner Jerry Jones Defends DraftKings Investment
The Dallas Cowboys colorful owner Jerry Jones defended his investment in Daily Fantasy Sports site DraftKings Sunday.
DraftKings Cuts Ties With Poker, Distancing Itself From Gambling
Following a probe by a handful of U.S. states as to whether Daily Fantasy Sports constitutes illegal gambling, DraftKings has begun to distance itself from partnerships that may otherwise imply such ties.
That came to fruition on Friday with DraftKings severing of its partnership with the World Series of Poker.
DraftKings, FanDuel Forced to Cancel Vegas Championship Events
The two leading Daily Fantasy Sports firms, DraftKings and FanDuel, have had to cancel their marquee championship events held in Las Vegas following the Nevada Gaming Control Board decision to prohibit DFS sites from operating in the state without the proper licensing provisions.
Florida Senate Leader Condemns Daily Fantasy Sports
(News Services of Florida) - Florida Senate President Andy Gardiner is exploring what the state can do to shut down daily fantasy sports, even as federal prosecutors are probing the online industry that has taken the nation by storm and drawn accusations of illegal gambling.
No DraftKings, FanDuel Ads to Air During NCAA Championships
(Associated Press) - In a letter sent Tuesday, college sports' largest governing body notified executives from DraftKings and FanDuel it would cancel future meetings and ban advertising from the two popular websites during NCAA championship events such as the men's basketball tournament.