Fantasy Rumors

New York attorney general Eric Schneiderman declared Tuesday that daily fantasy sports constitute illegal gambling in his state, and he sent game operators DraftKings and FanDuel cease-and-desist notices in a significant blow to the embattled, billion-dollar industry. Schneiderman demanded DraftKings and FanDuel, the two industry giants, stop accepting “wagers” from New York residents. He is not, at this point, asking the companies to discontinue operations in the state.