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DraftKings, FanDuel Reportedly Near Settlement With New York Attorney General

Published in SportsBusiness Daily on 10 / 24 / 16

DraftKings and FanDuel are "nearing a settlement agreement with New York’s attorney general over claims that they engaged in false advertising when they spent nearly a half-billion dollars blitzing the national airwaves with commercials last year," according to sources cited by Joe Drape of ...

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Yahoo, CBS Taking Different DFS Approaches

As FanDuel and DraftKings "fight to protect their lucrative enterprises, other companies offering daily fantasy sports are taking different approaches to how they operate as their new industry faces increased scrutiny," according to Philip Marcelo of the AP. Yahoo, a top site for season-long fantas ...

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FanDuel Visible In New York Despite Legal Climate

As FanDuel "braced for a court hearing that could determine the fate of daily fantasy sports in New York, the company demonstrated that it remained committed to advertising its website" in the state, according to Tim Casey of the N.Y. TIMES. FanDuel is the title sponsor of the Legends Classic, a col ...

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Leagues Named As Defendants In DFS Suit

Two daily fantasy sports customers Saturday "e-filed a class action lawsuit in the U.S. District Court for the Southern District of Florida against approximately 50 companies and individuals that have either invested in DFS companies or facilitated DFS gaming," according to Michael McCann of SI.com. ...

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Goodell Distances NFL From Daily Fantasy Sports

NFL Commissioner Roger Goodell "attempted Sunday to distance the NFL" from daily fantasy sports games, according to Peter Barzilai of USA TODAY. Goodell responded to a question during a fan event prior to the Packers-Vikings game at TCF Bank Stadium by saying, "We see a big distinction between seaso ...

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Mass. AG Proposes Rules For DFS Operations

Massachusetts Attorney General Maura Healey on Thursday "proposed rules for daily fantasy sports businesses that would ban players younger than 21, seek to prevent sophisticated contestants from dominating games, prohibit contests on college sports, and force the companies to change their advertisin ...

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Yahoo Pulled Into New York DFS Investigation

New York State Attorney General Eric Schneiderman "has expanded his investigation into daily fantasy sport sites, with measures including the issuance of a subpoena" to Yahoo, according to a source cited by Joe Drape of the N.Y. TIMES. Schneiderman yesterday "sought an injunction in state court" to ...

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New York AG Files To Shut Down DFS

New York Attorney General Eric Schneiderman this morning "sought an injunction" to "immediately stop fantasy sports companies from operating" in the state, according to Yancey Roy of NEWSDAY. Schneiderman asked a state court to "issue the order one week after he sent a cease-and-desist let ...

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FanDuel Stops Deposits From New Yorkers

FanDuel on Friday said that it is "no longer accepting new deposits from players in New York," but its "full menu of contests across all sports 'will run as scheduled,'" according to Sarah Needleman of the WALL STREET JOURNAL. The company also said players in the state "can withdraw funds as us ...

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DraftKings, FanDuel File Suit Against New York AG

DraftKings and FanDuel on Friday morning filed separate lawsuits in N.Y. Supreme Court against state Attorney General Eric Schneiderman, seeking a reversal of his cease-and-desist letter to the daily fantasy sports  firms earlier this week, and escalating the ongoing legal drama against DFS to ...

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Massachusetts Gov. Says DFS Should Be Legal

Massachusetts Gov. Charlie Baker on Thursday said that he believes DraftKings' contests "do not amount to gambling and should be legal" in the state, according to a front-page piece by Woodward & Adams of the BOSTON GLOBE. With that declaration, Baker offered his "most vocal defense of Boston&rs ...

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