Tag Archives: Federal Trade Commission

FanDuel hits back after being told to ‘cease & desist’ in New York State

SBC News FanDuel hits back after being told to 'cease & desist' in New York State

DraftKings and FanDuel have been dealt another regulatory blow in the US after New York Attorney General Eric Schneiderman sent the two Daily Fantasy Sports (DFS) operators cease-and-desist letters demanding that they stop ‘illegally accepting wagers in New York State’. Schneiderman’s actions come after his office conducted a one-month investigation into DFS which concluded that the daily contests are essentially …

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