New York’s attorney general sent a cease-and-desist letter to the two fantasy sports companies.
The booming fantasy sports industry is running into trouble in one of its biggest regional markets. After a month-long investigation, New York State Attorney General Eric Schneiderman is sending cease-and-desist letters to DraftKings and FanDuel—essentially banning the two sites from operating in New York. Schneiderman feels that they are illegal gambling sites, rather than offering games of skill as both companies argue.
