Fun Friday: Daily Fantasy Sports Services Debate
The NY State Attorney General shut down FanDuel and DraftKings earlier this week, saying this:
Our investigation has found that, unlike traditional fantasy sports, daily fantasy sports companies are engaged in illegal gambling under New York law, causing the same kinds of social and economic harms as other forms of illegal gambling, and misleading New York consumers … Daily fantasy sports is neither victimless nor harmless, and it is clear that DraftKings and FanDuel are the leaders of a massive, multi-billion-dollar scheme intended to evade the law and fleece sports fans across the country. Today we have sent a clear message: not in New York, and not on my watch.
So, let’s debate this in the comments and we can use the new Twitter polls to quantify the debate.
Are daily fantasy sports services (FanDuel, DraftKings) engaged in gambling?
— Fred Wilson (@fredwilson) November 13, 2015