Brand New York Attorney General Eric Schneiderman had been astonished to find in his investigation into daily fantasy sports that the key operators were engaged in deceptive marketing, simply one of the reasons that are many’s announced industry illegal.
Daily fantasy sports (DFS) is not any longer legal in New York following an investigation by hawaii’s lead attorney that is legal market leaders DraftKings and FanDuel both getting cease-and-desist letters on Tuesday.
‘Our investigation has found that, unlike traditional fantasy activities, daily fantasy recreations companies are engaged in illegal gambling,’ ny Attorney General Eric Schneiderman said in a press launch.
‘Daily dream sports is neither victimless nor harmless, and it’s also clear that DraftKings and FanDuel are the leaders of the massive, multi-billion-dollar scheme meant to evade the law and fleece sports fans across the country.’
Schneiderman unveiled his office found DFS operators engaging in ‘deceptive marketing to lure customers into an online that is unregulated gambling,’ but said that training wouldn’t continue on his watch.
Sides Square Off
The confrontation between Schneiderman and the two leading daily fantasy operators has quickly taken an ugly and turn that is combative.
The attorney general of course initiated the quarrel, writing in his cease-and-desist letter that ‘customers are clearly placing bets on occasions outside of their c (more…)