I am so sick of the gambling commercials that pollute the airwaves during football games. As the adage goes, "A fool and his money are soon parted," and the fantasy football crowd seems to be well represented in this respect.
Appaently the NYS Attorney General has also had his fill:
Appaently the NYS Attorney General has also had his fill:
The New York State attorney general on Tuesday ordered the two biggest daily fantasy sports companies, DraftKings and FanDuel, to stop accepting bets in New York, saying that their games constituted illegal gambling under state law, according to people with knowledge of his investigation.More here. Of course given NY's track record, a few well placed campaign contributions could have made this all go away.
The cease-and-desist order by the attorney general, Eric T. Schneiderman, is a major blow to a multibillion-dollar industry that introduced sports betting to legions of young sports fans and has formed partnerships with many of the nation’s professional sports teams. Given the New York attorney general’s historic role as a consumer-protection advocate, legal experts say the action will most likely reverberate in other states where legislators and investigators are increasingly questioning whether the industry should operate unfettered by regulations that govern legalized gambling.
