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New York sues to get DraftKings, FanDuel to return money

in Apolitical/The Bay and the 'Burg by

New York’s attorney general has filed a lawsuit asking FanDuel and DraftKings to give back all the money they made in the state, the latest salvo in an ongoing clash with a pair of increasingly popular daily fantasy sports websites. The amended lawsuit — filed Thursday, just days before a key court date in the dispute — asks the two companies to return the money to users who lost it during 2015 and pay a fine of up to $5,000…

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Don’t throw the daily sports fantasy baby out with the bathwater

in Statewide/Top Headlines by

You cannot turn on the television without seeing an ad for daily fantasy sports players DraftKings or FanDuel. That’s because the interest in daily fantasy sports is at stratospheric levels. Fantasy sports is as popular as Buffalo wings and cold beer. A report in Fortune shows that 57 million North Americans are betting $465 a year on fantasy sports, making it a $27 billion business. DraftKings, based out of Boston, and FanDuel, operating from New York, are the largest single-day fantasy sports websites. Their websites work like this:…

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