Latest insanity: Online 'DFS' tourney play up in air for NY residents

[Kasept]

Originally Posted by pointman

Great.

There is no money grab that Cuomo doesn't like. Worst Governor New York has ever had, he can't go fast enough.

Nick..

Can you discern the legalities involved in here?

[Pants II]

From the drf article I'm assuming the lawyers for Draft Kings and Fan Duel negotiated with state lawmakers and slipped in the language to ban horse racing.

Pretty slick move on their part.

I'm also assuming DerbyWars will be sold/bankrupt. They're being squeezed.

[pointman]

Originally Posted by Kasept

Nick..

Can you discern the legalities involved in here?

Steve, it is hard to say as the law seems unclear as to whether it applies to sites like NHC, DRF, etc. It seems that the law is limited to daily payouts which I would think daily contests falls within. I would suspect that they would be cautious and possibly suspend play in NY until it is clarified. They likely would have to request an opinion from the Attorney General's office as to whether what they are specifically doing is contrary to law.

Otherwise, they can continue but run the risk of the Attorney General taking them to Court to get an injunction to shut them down like what was done with fantasy betting on Draft Kings and Derby Wars.

Regardless, this doesn't look good for NY contest players to me. Knowing how Cuomo operates I suspect he will want these sites to kick money to the State in exchange for language that makes it clear that they can operate in New York. This does not look pretty for NY contest players.