Breaking News

New York Judge Strikes DraftKings and FanDuel
Download PDF
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading...

gambling sites under scrutiny

Summary: A New York Judge has granted injunctions against Draftkings and FanDuel.

After nearly a decade of unregulated success as sports fantasy businesses, DraftKings and FanDuel are facing legal troubles. A New York judge granted the state’s attorney general the injunction to bar them in New York, and this because they resemble traditional sports gambling, rather than the sorts of fantasy sports games that have been around for decades.

  
What
Where


Under Executive Law, New York Attorney General Eric Schneiderman established “the likelihood of success warranting injunction relief, and under General Business Law, to avoid “fraudulent or illegal acts.”

Justice Manuel Mendez released two rulings Friday in New York Supreme Court, saying, “The NYAG has a greater likelihood of success on the merits under the New York State Constitution, and the definitions of gambling and ‘contests of chance’ as currently stated in Penal Law.”

According to the two fantasy companies, they offer legal games of skill, and not chance. This has come into question, as “Unlike traditional fantasy sports, [daily fantasy sports] is designed for instant gratification, stressing easy game play and no long-term strategy,” as Schneiderman’s office said in November’s cease-and-desist letter.

Get JD Journal in Your Mail

Subscribe to our FREE daily news alerts and get the latest updates on the most happening events in the legal, business, and celebrity world. You also get your daily dose of humor and entertainment!!




The two companies came into the New York’s scope after they heavily advertised themselves at the beginning of the NFL season, speaking of how readily regular fans could win big cash jackpots each week. Further, a DraftKings employee won $350,000 on a FanDuel contest, which had earmarks of insider trading.

Source: USAToday





 

Interesting Legal Sites You May Like


BCG FEATURED JOB

Locations:

Keyword:



Search Now

Estate Planning Attorney with 6+ years of experience

USA-CA-Los Angeles

Los Angeles office is seeking an experienced estate planning attorney with 6+ years of experience. C...

Apply Now

Litigation Attorney with 2-6 years of experience

USA-OR-Portland

Portland office is seeking a litigation attorney with 2-6 years of experience.

Apply Now

Employment Attorney with 10-20 years of experience

USA-CA-Ontario

Ontario company is seeking a senior labor counsel with 10-20 years of experience. Candidate must hav...

Apply Now

Patent Litigation Attorney with 3-5 years of computer science experience

USA-IL-Chicago

Chicago office of our client seeks patent litigation attorney with 3-5 years of experience. The cand...

Apply Now

RELEVANT JOBS

Attorney

USA-CA-San Francisco

As an in-house legal counsel at Wix’s legal department, you will play a significant role in de...

Apply now

Attorney

USA-MO-Kansas City

Successful, expanding KC personal injury law firm seeks an attorney with 5+ years personal injury li...

Apply now

Attorney

USA-MD-Greenbelt

CRIMINAL LAW ATTORNEY - Houlon, Berman, Finci, Levenstein & Sandler, LLC, an established AV rat...

Apply now

Attorney

USA-MD-Greenbelt

FAMILY LAW ATTORNEY - Houlon, Berman, Finci, Levenstein & Sandler, LLC, an established AV rated...

Apply now

Most Popular

SEARCH IN ARCHIVE

To Top