Cayman 27 – ARCHIVE

Daily fantasy sites shut down in New York

Top daily fantasy sports companies FanDuel and DraftKings agreed to stop taking money in New York on Monday (21 March), amid a months-long fight with the state’s attorney general over whether the games are illegal gambling.

New York Attorney General Eric Schneiderman said the companies had agreed to immediately stop operating paid contests in the state and that an appeal of an injunction against the two companies would be heard by the state’s Appellate Division in September.

“On 10 November, 2015 I sent cease-and-desist letters to both companies demanding that they stop accepting bets from New York residents,” Schneiderman said during a press conference announcing the news.

“And we are here today because effective this morning Draftkings and FanDuel have both ceased and desisted from taking bets from New Yorkers. Sorry it took so long and it took so much money but today Draftkings and FanDuel did the right thing.”

A New York Supreme Court judge issued an injunction against the companies in December, but it was later suspended by a higher court.

About the author

Kevin Morales

Kevin Morales

Cayman 27 News Director Kevin Morales is an award-winning journalist with more than 12 years of experience. Kevin is a Milwaukee, Wis., native. He graduated with a bachelor's degree in journalism in 2005 from the University of Minnesota. He's a proud father and a loyal fan of the Green Bay Packers, Milwaukee Brewers, Milwaukee Bucks and U of M Golden Gophers.

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