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Judge Halts Daily Fantasy Sports Betting in New York

Friday, December 11, 2015

 

A New York judge ruled on Friday that leading daily fantasy sports sites DraftKings and FanDuel must halt operations in New York as their business models likely constitute illegal gambling.

The ruling comes after DraftKings refused to comply with an order to halt business in state from the New York Attorney General. Lawyers for DraftKings filed an appeal minutes after the decision was made.

GoLocal has followed the rise and fall of daily fantasy sports closely, including reports on the NCAA banning daily fantasy sports, a DraftKings employee winnings $350,000 on FanDuel after releasing valuable data, and whether daily fantasy sports may be the  next compulsive gambling problem.

GoLocal teamed up with Graphiq for these visualizations showing funding history and investor breakdown by location for DraftKings, as well as profiles for both FanDuel and DraftKings.

Data curated by FindTheCompany
Data curated by FindTheCompany
Data curated by FindTheCompany
Data curated by FindTheCompany
 

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