New York AG Doubles Down On Investigation Into Daily Fantasy Sports Websites
With the debate over fantasy sports wagering heating up among regulators in various jurisdictions, it should come as no surprise that New York AG Eric Schneiderman upped the ante on Tuesday, issuing cease-and-desist letters to the largest daily fantasy sports wagering sites, DraftKings and FanDuel. AG Schneiderman indicated that his investigationwhich was initiated on allegations of employee misconduct and the unfair use of proprietary informationhad determined that the two sites violated New York law by supporting illegal gambling. The letters demand that the sites stop accepting wagers in New York. Moreover, for FanDuel, which keeps its headquarters in New York, the AG's determination might have an even...
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