The Presidential Daily Brief

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  1. Eric T. Schneiderman

    NY Attorney General Deems Daily Fantasy Sports Illegal

    All bets are off. Eric Schneiderman declared yesterday that daily fantasy sports companies are “illegal gambling” operations and must stop accepting wagers in the Empire State. The cease-and-desist letters sent to FanDuel and DraftKings reflect a similar finding in Nevada last month, which ordered the companies to obtain gambling licenses in order to continue taking bets there. A statement from DraftKings reasserted that its business model constitutes a “game of skill” and promised to pursue legal options to stop other states from rolling the dice.

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