Tuesday November 17,2015 : DFS HULLABALOO GAINS PACE (Update)
DraftKings and FanDuel denied injunction by New York Court.
A request for an injunction to halt a cease-and-desist order issued by New York Attorney General Eric Schneiderman from daily fantasy sports (DFS) giants DraftKings and FanDuel was denied by the New York court’s Justice Manuel Mendez Monday.
DraftKings and FanDuel requested the urgent restraint until their case is heard saying they face irreparable damage otherwise.
The ripple effect of the since-negated online trader accusations concerning daily fantasy sports (DFS) companies continue to be felt as lawmakers throughout the U.S. take a closer look at the sector.
In recent days, Washington State legislature is reported to be contemplating the approval of “some” fantasy sports such as the low-wager full season variety played between friends which pundits say undeniably wins the skill vs. chance debate. Currently illegal in Washington State, Sen. Pam Roach (R-Auburn) is proposing a bill that will allow a carve-out for casual fantasy draft pools.
The topic is also under investigation by Georgia Attorney General Sam Olens who seeks to determine whether the pastime violates state law but admits that any decision would probably follow other States lead.