What are the odds? Daily fantasy sports win reprieve in N.Y

By Michael Erman and Suzanne Barlyn NEW YORK (Reuters) – A New York judge on Friday ruled that the leading daily fantasy sports companies FanDuel and DraftKings must cease operating in the state, in what could be a crippling blow to the fast-growing, multibillion-dollar industry. New York Supreme Court Justice Manuel Mendez granted an injunction sought by Attorney General Eric Schneiderman after hearing arguments last month over whether daily fantasy sports games amounted to┬áillegal games of chance or lawful ones involving skill

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Massachusetts to ban fantasy sports for people under 21

Massachusetts would prohibit people under the age of 21 from playing paid fantasy sports games under a proposed set of regulations for the fast-growing, multibillion-dollar industry laid out on Thursday by state Attorney General Maura Healey. The proposals would also ban fantasy competitions based on college sports, prohibit promotions of paid fantasy sports on high school and college campuses and bar professional athletes, agents and others connected to pro sports from taking part in paid fantasy contests related to their sports. The fantasy sports business, led by DraftKings and FanDuel, has drawn increasing regulatory scrutiny over the past few weeks with state regulatory officials debating whether the paid daily games are gambling.

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NY judge rebuffs fantasy sports companies’ bid to block AG’s move

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. In seeking the restraining orders, the companies said that New York Attorney General Eric Schneiderman’s office had been pressuring their vendors to stop doing business with them, and they could be forced to close up shop in the state

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DraftKings, FanDuel lose early bid to head off NY shutdown

(Repeats with no changes) By Brendan Pierson and Michael Erman NEW YORK, Nov 16 (Reuters) – Daily fantasy sports companies DraftKings and FanDuel on Monday lost an atttempt to head off the New York attorney general’s effort to shut down the companies in the state. A New York state judge denied temporary restraining orders sought by the companies that would have halted New York Attorney General Eric Schneiderman’s efforts to declare the games illegal gambling in the state. Schneiderman said the games were against state law last week and told the companies to stop taking money from New Yorkers.

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Daily fantasy sports site FanDuel stops taking money in New York

By Liana B. Baker and Suzanne Barlyn NEW YORK (Reuters) – Daily fantasy sports site FanDuel said on Friday it stopped taking new deposits in New York after the state’s attorney general declared the games to be illegal gambling. New York Attorney General Eric Schneiderman sent cease and desist letters this week to daily fantasy sports market leaders FanDuel and DraftKings, demanding that they stop taking money from players in the state

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FanDuel stops taking new deposits in New York

NEW YORK, Nov 13 (Reuters) – Daily fantasy sports site FanDuel said it has stopped taking new deposits in New York after the state’s attorney general declared the games to be illegal gambling. New York Attorney General Eric Schneiderman sent daily fantasy sports market leaders FanDuel and DraftKings cease and desist letters earlier this week, demanding that they stop taking money from players in the state. Both companies filed lawsuits in New York state court earlier on Friday to contest the order

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