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UPDATE: DraftKings and FanDuel Banned In New York; Lawsuits Pending

November 23, 2015

A few weeks ago, we talked about how daily fantasy betting sites FanDuel and DraftKings are sullying the harmless fun of fantasy sports leagues by turning them into virtual games of chance that could entice some players to bet way over their heads.

According to a November 10, 2015 article appearing in the New York Times, New York State Attorney General Eric Schneiderman ordered FanDuel and DraftKings, two of the most popular daily fantasy league betting establishments, to stop accepting bets from New York State residents.

Prior to being elected state attorney general, Mr.