DraftKings and FanDuel Stop New York Real Money Contests

Though they were permitted to continue operating as long as their appeal is tried, DraftKings and FanDuel stop New York real money operation after an agreement with the local authorities was reached.

The industry leading daily fantasy sports operators are preparing to work together with the authorities of New York State. Their aim is to find a US gambling laws framework together with the lawmakers that enables them to operate in the Empire State legally.

Earlier this year, they were ordered to stop their operation after a judge has found that real money DFS contests qualify as illegal gambling. DraftKings and FanDuel were granted to continue operating in New York temporarily upon their appeal, but now according to the agreement they reached with local authorities DraftKings and FanDuel stop New York real money contests.

New York Attorney General Eric Schneiderman, who sued DFS operators commented the news about DraftKings and FanDuel stop New York real money operations, saying “I’m sorry it took so long and cost so much money but today DraftKings and FanDuel did the right thing. No company, no matter how powerful or well-financed, is above the law.”

DraftKings and FanDuel stop New York contests to find a legal way to operate in the state

He added, “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.”

DraftKings and FanDuel continuously argued that DFS contests are rather games of skill that games of chance. DraftKings’ statement said, that “We are an industry leader in technology, innovation and consumer protections, and we are grateful to the hundreds of thousands of New Yorkers who have enjoyed playing fantasy sports on DraftKings for the last 4 years. We will continue to work with state lawmakers to enact fantasy sports legislation so that New Yorkers can play the fantasy games they love.”

FanDuel also commented the news about DraftKings and FanDuel stop New York real money operation. Their statement said, “New York is a critical state for FanDuel. FanDuel is headquartered in Manhattan, where we employ more than 170 young smart, passionate fans who are committed to innovating and providing the best fantasy experience possible. We are proud to be one of New York’s largest startup companies, and while it is disheartening for us to restrict access to paid contests in our home state, we believe this is in the best interest of our company, the fantasy industry and our players while we continue to pursue legal clarity in New York.

In the meantime, with the start of the baseball season so close, you should have a look at the list of legal online sportsbooks in the US in our online gambling directory if you want to maintain your real money wagering career.