FanDuel, DraftKings, Yahoo: Three Ways to Fight the Law in New York
When New York Attorney General Eric Schneiderman began taking action against daily fantasy companies DraftKings and FanDuel this month, he treated the two sites as more or less the same, sending them cease and desist letters with nearly identical language. But the two companies are staking out very different ground in their conflict with Schneiderman — while the third biggest company running daily fantasy games seems to be flying entirely under the AG's radar.
On Tuesday FanDuel said that it would stop taking entries from existing customers in New York. This is a slight tweak of last week's decision to stop taking new deposits from New Yorkers; now, even if a New Yorker has money in his FanDuel account, he can't enter a contest. (He can get the money back, the company says, or let it sit.) In doing so, FanDuel is complying with a judge’s ruling on Monday that supported Schneiderman's earlier demands.