1. 11-10-15 05:18 PM #1
    jjgold
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    Breaking News..Fantasy Gambling Now Illegal In NY

    NY Attorney General orders Fanduel, DraftKings to stop taking bets

    Cease and and desist notice for Draft Kings and Fan Dual

    Both companies are going to go bankrupt

    I called it too
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  2. 11-10-15 05:19 PM #2
    MUHerd37
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    Just saw it too. Ridiculous. I also like how people claim that electing Democrats will get gambling legalized.
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  3. 11-10-15 05:21 PM #3
    Vegas39
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    Funny its only for those two companies. Interested to see if they appeal

    The two companies can challenge the attorney general’s order in court. According to Joseph M. Kelly, a professor of business law at the State University College at Buffalo, the state would have to prove that chance is a material factor in fantasy sports, which would make it gambling.
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  4. 11-10-15 05:22 PM #4
    jjgold
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    I would take your money out if you have a lot

    Eventually going to get frozen

    It is spreading too

    Lots of states are going to jump on board
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  5. 11-10-15 05:27 PM #5
    BuckyOne
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    Fantasy would not work offshore would it? Fantasy players appear to buy in for small amounts and cash in for small amounts don't they? People want to play it - I say fine bu,t it seems to stress the DOJ and the banking system which might shine the spotlight back on sportsbetting and poker????
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  6. 11-10-15 05:28 PM #6
    BriGuy
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    Quote Originally Posted by Vegas39 View Post
    Funny its only for those two companies. Interested to see if they appeal
    They sent cease-and-desist letters to those 2 companies, but the law impacts the entire industry.

    I do not believe there are any avenues of appeal. This is not a court ruling. As you mention, they could file suit, but good luck getting that resolved within the next decade.
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  7. 11-10-15 05:31 PM #7
    Vegas39
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    Quote Originally Posted by BriGuy View Post
    They sent cease-and-desist letters to those 2 companies, but the law impacts the entire industry.

    I do not believe there are any avenues of appeal. This is not a court ruling. As you mention, they could file suit, but good luck getting that resolved within the next decade.
    Agree would get tied up in court. Think it comes down to is it luck or skill based
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  8. 11-10-15 05:34 PM #8
    bob6199
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    if they didn't blitz the country with ad's and have guys bet on the others DFS sites, they wouldn't be in this spot. They really handled this as poorly as you can.
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  9. 11-10-15 05:36 PM #9
    bob6199
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    Quote Originally Posted by Vegas39 View Post
    Agree would get tied up in court. Think it comes down to is it luck or skill based
    you can do all the research in the world and think it's skill based, till the top RB choice of the weak tears his ACL early in the game. It's totally more luck then skill. It should be a question that if they make this legal, why wouldn't sports betting be illegal. You either have to make DFS illegal or make all sports gambling legal.
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  10. 11-10-15 05:38 PM #10
    dante1
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    Quote Originally Posted by jjgold View Post
    Cease and and desist notice for Draft Kings and Fan Dual

    Both companies are going to go bankrupt

    I called it too

    really, is this in the entire country? are you sure about this? Is it only in one state?

    If true jj I don't think they are going to go bankrupt, they probably made more money in one day doing this crap then 100 of us will make in a lifetime.
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  11. 11-10-15 05:40 PM #11
    BriGuy
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    Quote Originally Posted by bob6199 View Post
    if they didn't blitz the country with ad's and have guys bet on the others DFS sites, they wouldn't be in this spot. They really handled this as poorly as you can.
    I agree. They should have left well enough alone. They brought all this attention onto themselves.
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  12. 11-10-15 05:41 PM #12
    BriGuy
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    Quote Originally Posted by dante1 View Post
    really, is this in the entire country? are you sure about this? Is it only in one state?
    I believe this makes 7 states where it is illegal - including Nevada saying they need to go through the licensing process.
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  13. 11-10-15 05:44 PM #13
    unde0087
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    Good, sick of the fanduel commercials every 5 seconds, I know that in Montana it has been illegal from the start
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  14. 11-10-15 05:44 PM #14
    jjgold
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    and guys think sports betting is going to get passed
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  15. 11-10-15 05:45 PM #15
    dante1
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    Quote Originally Posted by unde0087 View Post
    Good, sick of the fanduel commercials every 5 seconds

    they are fcking sickening
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  16. 11-10-15 05:46 PM #16
    dante1
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    Quote Originally Posted by jjgold View Post
    and guys think sports betting is going to get passed


    PA talking about it.
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  17. 11-10-15 05:48 PM #17
    BennyBigNuts
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    There will be a movie about these dumb fukks when they go broke finally. Spending hundreds of millions in advertising to wake ppl up and see how much they were making, scamming with their own employees, etc.
    I'm sure someones writing the script right now as we speak.
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  18. 11-10-15 05:52 PM #18
    BriGuy
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    Quote Originally Posted by jjgold View Post
    and guys think sports betting is going to get passed
    I think this will lead to that. Here's why:

    More and more people are coming around to the notion that DFS is gambling, so it is being declared illegal. But the leagues love DFS - in fact, the leagues are heavily invested in DFS. They are also the biggest opponents of sports gambling. They may have to drop their opposition to legalized gambling in order to keep DFS's up and running.
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  19. 11-10-15 05:52 PM #19
    unde0087
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    This is exactly what happened to poker, it got huge quick and the world series of poker was always on tv, commercials for every poker site on every 10 minutes. Then it all went away when the feds got tired of it.
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  20. 11-10-15 05:52 PM #20
    daneblazer
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    dead as a hammer...

    player pool about to reduced to nebraska and delaware

    RIP
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  21. 11-10-15 06:06 PM #21
    LT Profits
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    Quote Originally Posted by dante1 View Post
    PA talking about it.
    Please nooooooo!
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  22. 11-10-15 06:09 PM #22
    existential
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    best news in a long time, can't stand fantasy geeks and the obnoxious commercials.
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  23. 11-10-15 06:10 PM #23
    Jeffie
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    Just another reason to hate New York.
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  24. 11-10-15 06:11 PM #24
    unde0087
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    Enter code: we're finished
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  25. 11-10-15 06:11 PM #25
    konck
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    Right in the scammers holes
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  26. 11-10-15 06:12 PM #26
    konck
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    HI Im Bobby Kabibbles I put 3 cents on FanDuel and won 1238837363 oh my uncle owns it
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  27. 11-10-15 06:14 PM #27
    LT Profits
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    Quote Originally Posted by existential View Post
    best news in a long time, can't stand fantasy geeks and the obnoxious commercials.
    Just another way to make money, what's so bad about that. I am undefeated at 9-0 in a $1500 league at rtsports, PA better not make it illegal before I cash out.
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  28. 11-10-15 06:16 PM #28
    jjgold
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    The adverting killed them
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  29. 11-10-15 06:20 PM #29
    existential
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    Quote Originally Posted by LT Profits View Post
    Just another way to make money, what's so bad about that. I am undefeated at 9-0 in a $1500 league at rtsports, PA better not make it illegal before I cash out.
    because that's the exact kind of geek talk that is incredibly annoying to have to listen to and read about. but for some reason, the geek mentality just doesn't seem to understand that.
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  30. 11-10-15 06:25 PM #30
    DiggityDaggityDo
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    David Payne Purdum ‏@DavidPurdum 22m22 minutes ago
    DraftKings tells me it is not leaving the New York market and plans to fight today's ruling by the attorney general.
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  31. 11-10-15 06:27 PM #31
    DiggityDaggityDo
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    They took a shit in their own garden by being waaaayyyy too aggressive with their advertising.
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  32. 11-10-15 06:29 PM #32
    FlipsideRM
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    Apparently New York is 10% of their revenue. This is the start to all states pulling out, RIP
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  33. 11-10-15 06:30 PM #33
    LT Profits
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    Quote Originally Posted by existential View Post
    because that's the exact kind of geek talk that is incredibly annoying to have to listen to and read about. but for some reason, the geek mentality just doesn't seem to understand that.
    Nothing "geeky" about $1500 12-man leagues. A far cry from the $100,000 "guaranteed" pots with $1 buy in that end up having over 500,000 entries. There are pros and novices in fantasy, just like there are in gambling. I happen to enjoy both, and again, nothing wrong with that.
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  34. 11-10-15 06:35 PM #34
    DigBick86
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    Freedom really
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  35. 11-10-15 06:55 PM #35
    jjgold
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    Lol
    These contaminates going to spend so much in legal fees it will them them broke
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