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





 

RELEVANT JOBS

Associate Attorney

USA-PA-Exton

ASSOCIATE ATTORNEY McKenna Snyder LLC, a law firm in Exton, PA has an immediate opening for an ex...

Apply now

Attorney

USA-MI-Sturgis

Qualifications: HaasCaywood is seeking associate attorneys for our Coldwater and Sturgis, Michiga...

Apply now

Attorney

USA-MI-Coldwater

Qualifications: HaasCaywood is seeking associate attorneys for our Coldwater and Sturgis, Michiga...

Apply now

Insurance Defense Trial Attorney/ Senior Counsel

USA-CA-San Francisco

Job description Trial Attorney - Personal Injury Defense Full Job Description Hickey Smith ...

Apply now

BCG FEATURED JOB

Locations:

Keyword:



Search Now

Education Law Attorney

USA-CA-El Segundo

El Segundo office of a BCG Attorney Search Top Ranked Law Firm seeks an education law attorney with ...

Apply Now

Education Law Attorney

USA-CA-Carlsbad

Carlsbad office of a BCG Attorney Search Top Ranked Law Firm seeks an education law attorney with 4-...

Apply Now

Education Law and Public Entity Attorney

USA-CA-El Segundo

El Segundo office of a BCG Attorney Search Top Ranked Law Firm seeks an education law and public ent...

Apply Now

Most Popular

SEARCH IN ARCHIVE

To Top