Fans of the daily fantasy sites “FanDuel” and “DraftKings” in New York are not going to be happy about this. New York Attorney General Eric Schneiderman declared that both sites are “illegal gambling sites,” and the are to stop taking bets from the entire state.
New York makes up a large percentage of both sites daily players, so this blow will not be taken lightly. The sites claim that daily fantasy is a game of skill, and therefore should be legal. This is what Attorney General Schneiderman had to say on it:
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.
Both sites will have to ability challenge the ruling in court. What are your thoughts on this ruling? Do you believe these sites are gambling sites, or are they based on skill?