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Post date: November 20 2015

A.G. Schneiderman Op-Ed: Daily Fantasy Sports Bluff The Law In N.Y.

NEW YORK – Attorney General Eric T. Schneiderman wrote an op-ed in the New York Daily News on the need to enforce the law on illegal online gambling. Highlights from the op-ed are below:

ON UPHOLDING NEW YORK’S GAMBLING LAWS: My job is to enforce the law, without fear or favor. For more than a century, New York laws have banned gambling. The few narrow exceptions that exist - which do not include sports betting - all come with strong regulation and oversight to ensure fairness and protect New Yorkers from fraud.

ON THE LAW: FanDuel and DraftKings have made the argument, over and over - including yesterday in this paper - that they run "games of skill" and are therefore legal. This is nonsense. New York law prohibits sports wagering - betting money on a future event outside of the gambler's control - regardless of the skill involved. Yet this provision of the law is deliberately ignored by both FanDuel and DraftKings.

ON THE GENESIS OF DAILY FANTASY SPORTS: In fact, as our court papers lay out, these companies are based on business models that are identical to other forms of gambling. FanDuel was created by a veteran of the legal online betting industry in the United Kingdom, while the CEO of DraftKings suggested that it operates in the "gambling space," and described its revenue model as "identical to a casino."

The full op-ed can be read here