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DraftKings, FanDuel Reach Settlement With New York Attorney General, Will Pay $6M Each

Published in SportsBusiness Daily on 10 / 26 / 16

DraftKings and FanDuel have each agreed to pay $6M to the New York attorney general's office to "settle claims that they employed false and deceptive advertising practices ," according to Joe Drape of the N.Y. TIMES. New York AG Eric Schneiderman's investigation "found that the companies ...

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DFS Sites Receive Stay Of Injunction In New York

DraftKings and FanDuel yesterday received a permanent stay of the injunction against them from New York Attorney General Eric Schneiderman. The decision by a panel of judges from the Appellate Division of the New York Supreme Court allows the daily fantasy sports companies to continue operating in t ...

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California Passes Bill Regulating DFS Industry

California yesterday "became the first state to pass a bill regulating daily fantasy sports through a committee hearing," handing the industry "an important, preliminary victory in its fight to stay afloat in the crucial state," according to Ryan Kartje of the ORANGE COUNTY REGISTER. The Califo ...

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FanDuel Establishes Foothold In Orlando

Ever since FanDuel hired about 40 new Florida employees in May, the N.Y.-based company has "nearly doubled its Orlando workforce" and has "gone all-in" on the city, according to Marco Santana of the ORLANDO SENTINEL. Meanwhile, the company "remains hopeful Florida lawmakers can pass a bill to establ ...

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New York AG Wants DFS Sites To Give Money Back

New York State Attorney General Eric Schneiderman wants FanDuel and DraftKings to "give back the hundreds of millions they have made in the state and pay a stiff penalty for running what he argues are illegal gambling operations," according to Joe Drape of the N.Y. TIMES. In amending a lawsuit on Th ...

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DFS Sites Able To Operate In Illinois

Daily fantasy sports sites will "be able to operate in Illinois while the courts decide on DraftKings’ lawsuit challenging Attorney General Lisa Madigan’s finding" that DFS are illegal gambling operations, according to Andy Grimm of the CHICAGO SUN-TIMES. The AG’s office and l ...

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Illinois AG Rules DFS Illegal

DraftKings and FanDuel on Christmas Eve filed lawsuits in Illinois “asking a judge to declare their games to be legal, a day after the state's attorney general outlawed them as gambling,” according to Suzanne Barlyn of REUTERS. This came after last week’s opinion by AG Lisa Madiga ...

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California Assemblyman Calls For State DFS Laws

California State Assemblyman Marc Levine is calling on state Attorney General Kamala Harris to order daily fantasy sports sites to "immediately discontinue their fantasy operations, saying they are gambling sites," according to Matier & Ross of the S.F. CHRONICLE. He said that the only diff ...

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DraftKings Again Delays Launch Into U.K.

DraftKings yesterday acknowledged that the company has "again delayed the launch" of its DFS contests in the U.K., a "setback to its overseas expansion efforts," according to Dan Adams of the BOSTON GLOBE. DraftKings had previously said that its games "would be available in the U.K." by the end of ' ...

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New York Still Open For DFS Sites

DraftKings " avoided a disastrous shutdown in New York on Friday , but after a tumultuous day in court, the company’s long-term survival in one of its most important markets remained deeply uncertain," according to Adams & Woodward of the BOSTON GLOBE. The emergency reprieve -- in eff ...

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New York Supreme Court Upholds DFS Ban

In a damaging blow against daily fantasy sports in one of its largest markets, DraftKings and FanDuel are now prevented from doing business with any customers in the state of New York pending a larger trial due to occur next year. The decision by New York State Supreme Court Judge Manuel M ...

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