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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
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
Fair Play Bets and QuickFire in Deal -
Fair Play Bets enjoys an unrivalled reputation for an outstanding player experience, with secure deposits and withdrawals, surprising casino bonuses and committed customer support. Fair Play Bets is licensed in UK, Malta and Curacao.
Cavaliers Aim to Take Down Wizards on 2/22/18 -
The Cleveland Cavaliers have looked like a different team since making their moves at the trade deadline. The Washington Wizards are up next for the Cavaliers, who will be at home after the All-Star break.
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