The New York Attorney General, Eric Schneiderman, has now made it illegal for the daily fantasy sports companies Draftkings and FanDuel to take bets in the state of New York. Schneirderman has said that the two daily fantasy sports websites are vehicles for illegal sports betting, "Our investigation has found that, unlike traditional fantasy sports, daily fantasy sports companies are engaged in illegal gambling under New York law, causing the same kinds of social and economic harms as other forms of illegal gambling, and misleading New York consumers". FanDuel quickly replied by saying that there business is completely legal and the Attorney General was just looking for press attention.
The reason the Attorney General deemed that the websites were illegal is because he claimed that they do not require skill to win and that makes these daily fantasy sports a form of gambling. FanDuel's response that I stated earlier says that their site required skill to pay and win in their games.
This is big news because daily fantasy sports has seen an increase in the number of users and a growing popularity which has increased these companies sales and made them very popular. If other states follow along with the New York Attorney General this good be very bad and could potentially end these companies.
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