Friday, November 20, 2015
So getting back to the two sports betting companies DraftKings and FanDuel. They were sent cease and desist letters last week from the attorney general of New York state, demanding that they stop making money of New York citizens. Both of the companies had five days to stop or file suit against the cease and desist orders. They both decided to file suit against the attorney general and the state, and ask the court to rule that the companies business is legal in the state. This allows them to continue their operations in the state until a ruling is made in the court, although it has put a damper in their day-to-day, and made some people maybe a little wary of the business going forward.
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