DraftKings and FanDuel close out final chapter of year-long legal saga in New York

Https%3a%2f%2fblueprint-api-production.s3.amazonaws.com%2fuploads%2fcard%2fimage%2f259770%2f0331715b610f453baefa545d194c31b5

Feed-twFeed-fb

The daily fantasy sports industry’s two biggest companies have wrapped up the last of their legal troubles in the state of New York.

The state’s attorney general, Eric Schneiderman, announced on Tuesday that his office had reached a settlement with DraftKings and FanDuel over lawsuits alleging that the two startups advertised their services in a way that intentionally misled consumers.

The deal marks the final chapter in a year-long legal battle with Schneiderman’s office that threatened the industry’s right to operate in New York.

The fight’s climax came this summer, when Gov. Andrew Cuomo signed a law  legalizing daily fantasy — provided that the state’s gaming commission regulated it. Weeks later, DraftKings, FanDuel and a handful of others received permits to resume business.  Read more…

More about Fanduel, Draftkings, Business, Advertising, and Sports
Source: mashable.com/

Spread the love

Leave a Reply

Your email address will not be published. Required fields are marked *