A New York State appeals court judge on Friday temporarily suspended an order that would have required daily fantasy sports companies FanDuel and DraftKings to stop operating in the state.
Betting
The debate that DraftKings and FanDuel never wanted is taking place.
A New York state judge denied a temporary restraining order sought by daily fantasy sports companies DraftKings and FanDuel in an effort to keep operating in the state after New York’s attorney general deemed the games to be illegal gambling.
The gaming industry’s largest trade group said Wednesday it will spend 2016 determining if “a rational alternative” exists to the nation’s current sports wagering laws, which legally allows the activity to take place in just four states.
Daily fantasy sports sites FanDuel and DraftKings are prepared to fight in court against New York state’s top prosecutor, who said that they were running illegal gambling operations and ordered them to stop taking bets in the state.
New York’s attorney general said Tuesday daily fantasy sports was illegal gambling and ordered the popular websites DraftKings and FanDuel to immediately stop accepting wagers in the state.
Nevada daily fantasy sports players found their access to the largest providers shut down Friday, less than 24 hours after the Nevada Gaming Control Board told the operators their businesses violate state gaming law.
Nevada gaming regulators banned unlicensed daily fantasy sports websites from providing their product to Silver State customers, saying the activity constitutes sports wagering.
The U.S. Justice Department and the Federal Bureau of Investigation are looking into the business model of daily fantasy sports operators and trying to determine whether they violate federal laws, the Wall Street Journal reported, citing people familiar with the matter.
A U.S. appeals court on Wednesday agreed to review its previous decision blocking legal sports betting in New Jersey, in a case closely watched by other states wishing to legalize such gambling.
There is a reason Nevada’s gaming industry has avoided getting involved in the estimated $15 billion a year online fantasy sports business. Most — but not all — believe the growing activity constitutes unregulated gambling.
The first-ever Fantasy Sports Combine is scheduled for next Friday and Saturday at Wynn Las Vegas and Encore. The sessions will include talks by fantasy sports experts, broadcasters and sports personalities, including former NFL coaches Mike Shanahan and Mike Ditka.
Two bills backed by the Nevada sports betting industry that could lead to an increase in the $3.9 billion already wagered annually in the state’s sports books were signed into law by Gov. Brian Sandoval.
The proposal would let bookmakers place betting lines on Olympic sporting or athletic events sanctioned by the International Olympic Committee.
National Hockey League Commissioner Gary Bettman said Tuesday in Las Vegas the league has not taken a position on legalizing sports wagering.
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