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The New York Times reports that in a major blow to a multibillion-dollar industry that introduced sports betting to legions of young sports fans, the New York State attorney general has ordered the two biggest daily fantasy sports companies, DraftKings and FanDuel, to stop accepting bets from New York residents, saying their games constituted illegal gambling under state law. "It is clear that DraftKings and FanDuel are the leaders of a massive, multibillion-dollar scheme intended to evade the law and fleece sports fans across the country," says NY attorney general, Eric T. Schneiderman, "Today we have sent a clear message: not in New York, and not on my watch."
Fantasy sports companies contend that their games are not gambling because they involve more skill than luck and were legally sanctioned by a 2006 federal law that exempted fantasy sports from a prohibition against processing online financial wagering. "Fantasy sports is a game of skill and legal under New York state law," says FanDuel. "This is a politician telling hundreds of thousands of New Yorkers they are not allowed to play a game they love and share with friends, family, co-workers and players across the country." The attorney general's office also said that ads on the two sites "seriously mislead New York citizens about their prospects of winning." State investigators found that to date, "the top 1 percent of DraftKings winners receive the vast majority of the winnings." Schneiderman's investigation was spurred after reports arose that a DraftKings employee used internal data to win $350,000 on rival site FanDuel, which the operators denied. While both companies had allowed employees to place bets on the others site, they have since banned such practices.
(Score: 0, Interesting) by Anonymous Coward on Wednesday November 11 2015, @07:16PM
What? Punters don't count for anything in these games and certainly aren't "money makers". I guess they could score a few points if they're also the field goal kicker, but that's fairly rare these days.
That's only one definition of punter [cambridge.org].
Looks like that American football has stunted your intellectual development, or at least your imagination in terms of cultural differences. Post concussion syndrome [webmd.com], perhaps?
(Score: 3, Insightful) by slinches on Wednesday November 11 2015, @07:44PM
Or, it may possibly be that I was gently poking fun at someone for using British slang terminology on a US based website while discussing an article about banning gambling at sites that are dedicated to American Football (a sport in which the terminology in question refers to a specific position on the team) in one of the states which comprise the United States of America.
Nope, must be that I'm an ignorant American that can't conceive of the same word having two different meanings.
Also, thanks for explaining the joke for everyone. It's almost always funnier when spelled out in painstaking detail.
Note: this post may contain a hint of sarcasm, just in case you have trouble detecting such things.
(Score: -1, Troll) by Anonymous Coward on Wednesday November 11 2015, @08:05PM
Or, it may possibly be that I was gently poking fun at someone for using British slang terminology on a US based website while discussing an article about banning gambling at sites that are dedicated to American Football (a sport in which the terminology in question refers to a specific position on the team) in one of the states which comprise the United States of America.
Nope, must be that I'm an ignorant American that can't conceive of the same word having two different meanings.
Also, thanks for explaining the joke for everyone. It's almost always funnier when spelled out in painstaking detail.
Note: this post may contain a hint of sarcasm, just in case you have trouble detecting such things.
Same AC here.
Maybe I was just poking fun at American Football and the idiocy of same by implying that those who enjoy it are stupid.
No sarcasm here, in case your detector is off today, friend.
(Score: 0) by Anonymous Coward on Wednesday November 11 2015, @11:32PM
Bit of the pot calling the kettle black there, innit? [concussionfoundation.org] Association Foorball ("soccer" in the U.S.) results in quite a bit of post concussion syndrome [postconcussionsyndromeawarenessuk.com] among its players, too.
Besides, soccer players have their own particular brand of idiocy (although the women's players seem to [wordpress.com]have that bit sorted out [pinimg.com], go figure).
(Score: 0) by Anonymous Coward on Thursday November 12 2015, @12:01AM
Bit of the pot calling the kettle black there, innit? Association Foorball ("soccer" in the U.S.) results in quite a bit of post concussion syndrome among its players, too.
Besides, soccer players have their own particular brand of idiocy (although the women's players seem to have that bit sorted out, go figure).
Same AC again. You've got me all wrong. I'm not British as you thought. I'm just not ignorant of other cultures.
Soccer? Another stupid game. Both are just modern-day equivalents of circuses [wikipedia.org] to appease the masses while their corporate overlords fleece their countries.
And when the participants are injured or killed, so much the better, no?
(Score: 2) by FatPhil on Thursday November 12 2015, @03:14PM
Great minds discuss ideas; average minds discuss events; small minds discuss people; the smallest discuss themselves