Andre Yoskowitz
21 Mar 2016 22:20
Following a witch hunt by New York attorney general Eric Schneiderman, daily fantasy giants DraftKings and FanDuel are officially shut down in the state.
The settlement between the sites and the AG bans New York bettors from adding funds to their accounts and from using existing funds to place any bets. The ban is in effect until September, when the appeal for daily fantasy sports legality is scheduled to be heard.
If the companies lose their appeal, then all lawsuits and future appeals will be dropped and the AG also agrees to drop any claims, reads the settlement.
Both sites are now geoblocking and IP blocking all New York residents, just like it does for all other "closed states."
AG Schneiderman added: "I'm pleased to announced that both FanDuel and DraftKings will stop taking bets in New York State, consistent with New York State law and the cease-and-desist orders my office issued at the outset of this matter. As I've said from the start, my job is to enforce the law, and starting today, DraftKings and FanDuel will abide by it. Today's agreement also creates an expedited path to resolve this litigation should that law change or upon a decision by the appellate division. Regardless, our key claims against the companies for false advertising and consumer fraud are not affected by the agreement and will continue."
Source:
lsr