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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N.Y. appeals court temporarily suspends shutdown of daily fantasy sports

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. The short-term stay, issued in an emergency appeal filed by the companies on Friday, allows the companies to do business in New York until at least Jan.

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Daily fantasy sports site FanDuel stops taking money in NY

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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