New York Attorney General Eric Schneiderman said Fantasy sports constituted illegal gambling, misled customers & is intended to fleece sports fans.

DraftKings & FanDuel Ordered To Stop Taking Bets From New Yorkers. It was only a matter of time before this happen. While some, mainly the companies working with the fantasy sports industry try to fight it. This trend is only going get worse worse for the “skill-based” fantasy industry. At the end of the day it’s gambling and New York Attorney General Eric Schneiderman agrees. The Attorney General has ordered DraftKings and FanDuel to no longer take bets from New York residents.

“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. Daily fantasy sports is neither victimless nor harmless, and it is clear that DraftKings and FanDuel are the leaders of a massive, multi-billion-dollar scheme intended to evade the law and fleece sports fans across the country. Today we have sent a clear message: not in New York, and not on my watch.”



This action comes after an investigation into DraftKings and FanDuel. The investigation started because Ethan Haskell a DraftKings employee employee used his access to inside information had won $350,000 playing at rival company FanDuel. Of course DraftKings and FanDuel did not agree with Schneiderman’s order.

A DraftKings said New York Attorney General Eric Schneiderman “took such hasty action today, particularly since he did not take any time to understand our business or why daily fantasy sports are clearly a game of skill. A politician telling hundreds of thousands of New Yorkers they are not allowed to play a game they love and share with friends, family, co-workers and players across the country.”