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Daily Fantasy Sports Operators Awaiting New York Court Ruling

Tuesday December 1,2015 : DAILY FANTASY SPORTS INDUSTRY AWAITS NEW YORK COURT DECISION
 
Judge expected to waste no time in ruling on New York AG's application for an injunction.
 
The daily fantasy sports industry in the United States is anxiously awaiting a ruling by a New York Court on the legality of daily fantasy sports in the state following an application for an injunction against DraftKings by state AG Eric Schneiderman (see previous InfoPowa reports).
 
Schneiderman filed the application on November 17 after issuing a cease and desist order on market leaders DraftKings and FanDuel. The latter company cut off New York players, but DraftKings contested the issue and continued to operate.
 
The AG sought the district court's ruling on the legality of DFS under state laws, asking for authority to enforce the cease and desist order, which Judge Manuel Mendez is currently considering.  The judge has intimated that he will not take long to issue a judgement after hearing arguments from both sides last week.
 
The AG claims that DFS constitutes online gambling because it involves mainly chance, whilst FanDuel and DraftKings claim that skill is predominant and that the DFS phenomenon is therefore legal and not gambling.
 
Keeping the DFS kettle boiling in New York, a local resident has cited several prominent banking, facilitating, payment processing, and online gambling companies in a class action filed November 18 in the U.S. District Court for the Southern District of New York.
 
Yehuda Guttman claims that companies like Visa, MasterCard, American Express Credit Corp., J.P. Morgan Chase & Co., Merrick Bank Corp., Capital One Bank, Paysafecard.com USA, Vantiv, FanDuel and DraftKings illegally collect on gambling debt, alleging violations of New York General Obligation Law, unjust enrichment, fraud and misrepresentation, and negligence.
 
Guttman is one of thousands of people who have bet and lost money through FanDuel's and DraftKing's allegedly illegal sports gambling sites, the complaint states, claiming that banking defendants lent money or credit to him for wagers he placed on the gambling sites.
 
The facilitators (Visa, MasterCard, and American Express) received a fee from the banks for facilitating the money transfer, and the payment processors (Paysafecard.com and Vantiv) serve a "player banking function," receiving a fee as the financial intermediary between the gambling sites and their customers, Guttman alleges.
 
The banks have allegedly collected and continue to collect debts on the credit they lent for the purpose of wagering on the gambling sites. But the suit states New York law prohibits the enforcement or collection of debts issued for illegal gambling.
 
Attorneys Hunter J. Shkolnik and Annie E. Causey of Napoli Shkolnik in New York City, and by attorney Brittany Weiner of Imbesi Law in New York City represent Guttman in the case: U.S. District Court for the Southern District of New York case number 1:15-CV-09084-UA



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NHL Odds: Young Oilers Face Veteran Ducks in Round Two - Game Two in Anaheim (10:30 PM ET on NBCSN) features the first and second ranked teams in the Pacific Division during the regular season, with only two points separating them. The Oilers edged the Ducks 3-2 in regular season games, outscoring them by a slim 14-12 margin. This series will be close, and Game Two will decide who has the edge heading back to Edmonton.

BitStarz Casino pays out nearly $100,000 over 2 days - They say lightning doesn’t strike in the same place twice, but it did at BitStarz as yet another player lands a massive payout on an Amatic slot!

Americas Card Room Online Super Series Starts Now - The OSS Cub3d is Americas Cardroom’s 3-part tournament series. It features the Mini Online Super Series (MOSS), the now-underway Online Super Series (OSS), and the upcoming Bigger Online Super Series (BOSS).

New Quick Seat feature at Ignition Poker - New Quick Seat feature at Ignition Poker.In order to ensure our poker players’ user experience is even more seamless, we’ve introduced a new feature in our poker software called Quick Seat for both Ignition Poker.

Finnish people prefer the government to run the casinos - Nordic countries have been, historically, the main markets for the online casino operators. The reasons for this are rather clear - these countries are very cold and people simply prefer to stay home and gamble than go outside to visit a casino.

New Era of Gambling. Now with Bitcoins. - It is not a secret that more than half of the bitcoin transactions have been related, at least somehow, to the online gambling activities.

NBA Odds: Chalk-Heavy Warriors Host Portland for Game 2 - The Golden State Warriors needed a strong fourth quarter to put away the Portland Trail Blazers on Sunday. But they still didn’t cover as 15-point home favourites in a 121-109 victory. Can they do better this Wednesday (10:30 PM ET, TNT) in Game 2 of their first-round playoff series?

Caesar’s Triumph Slot Launches - Caesar’s Triumph is new slot at Bovada that features the Roman dictator in all his glory. The action takes place on five reels where you’ll find 20 paylines and plenty of ways to spin your way to victory.

NHL Odds: Pacific Division Foes Face Off in Edmonton - The Edmonton Oilers will attempt to defend their home ice advantage this Friday (10:30 PM ET on Sportsnet) against the San Jose Sharks. The Oilers (47-26-9) finished second in the Pacific, while the Sharks (46-29-7) finished third, but only four points behind their First Round foes.

Bingo Cataratas Offers Unique Spin on Classic bingo - Bingo Cataratas (Spanish for waterfalls) is changing the way people think about bingo according to Bovada. Just because bingo is a classic with a huge following, doesn’t mean it can’t be spiced up with a fresh new format. Bingo Cataratas has the basic structure of bingo, but also has an “extra ball” feature and a bonus mini game.

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