FanDuel and DraftKings will be allowed to resume operations in New York in time for football season.
Gov. Andrew Cuomo announced Wednesday the decision to legalize daily fantasy sports games in the state. The companies must first receive a temporary permit from the New York Gaming Commission, however.
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"Daily fantasy sports have proven to be popular in New York, but until now have operated with no supervision and no protections for players," Cuomo said in a statement. "This legislation strikes the right balance that allows this activity to continue with oversight from state regulators, new consumer protections, and more funding for education.