Sports betting

DFS suffers fresh blow as New York rules it illegal

Market leaders FanDuel and DraftKings receive cease-and-desist order from state's Attorney General

The daily fantasy sports (DFS) industry has been dealt yet another blow after the New York attorney general yesterday ruled the games to be illegal gambling under state law. DFS behemoths FanDuel and DraftKings have both been served with cease-and-desist orders with Attorney General Eric Schneiderman commenting the pair had "intended to evade the law…

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