Seth Vigdor
A judge has granted New York AG’s preliminary injunction to shut down both DraftKings and Fanduel in the state. Last month the AG told the state to stop taking bets. The DFS giants have always contended that Daily Fantasy isn’t gambling. They even created an Independent Control Board to ensure “fair” play. They’ve argued that it’s a game of skill, not chance. I disagree and I think that with all of the money that people put into these sites, it should be regulated.
BREAKING: NY Judge blocks DraftKings and FanDuel from offering #DFS contests in NY for duration of case; grants preliminary injunction to AG
— Daniel Wallach (@WALLACHLEGAL) December 11, 2015
NY customers paid more than $200 million in entry fees to DraftKings & FanDuel in 2015.
— Darren Rovell (@darrenrovell) December 11, 2015
NY Supreme Court justice doesn't care about skill vs chance, grants injunction to stop DraftKings & FanDuel in NY https://t.co/LuU2uaAexM
— Darren Rovell (@darrenrovell) December 11, 2015
You can read the ruling here.