Appellate Court Grants Emergency Stay To DFS Operators In New York

Hours after a New York judge on Friday "granted the state attorney general’s injunction barring the two largest daily fantasy sports sites, FanDuel and DraftKings, from operating in the state, an appeals court judge allowed the companies to keep operating until the legality of their games can be further considered." The decision by Associate Justice Paul Feinman of the Appellate Division of the State Supreme Court "came in an emergency hearing" and allows the companies "to do business in New York until at least Jan. 4" (N.Y. TIMES, 12/12). The emergency reprieve "could, for the moment, help DraftKings soothe growing jitters among the financial firms that handle money for the company and provide the lifeblood of its business" (BOSTON GLOBE, 12/12).