New York Attorney General Eric Schneiderman said Monday that fantasy leagues DraftKings and FanDuel will cease operating in his state while litigation is resolved on charges of false advertising and consumer fraud.
“I’m pleased to announce 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.”
Florida, meanwhile, is treading water on the fantasy leagues. They’re not banned, and have apparent support from key state officials. Still, a bill to formally bless and regulate them — supported by incoming Senate President Joe Negron, R-Stuart — did not pass in the session that ended this month.