ARTICLE
17 December 2015

New York Court Sacks Daily Fantasy Sports

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Sheppard Mullin Richter & Hampton

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Sheppard Mullin is a full service Global 100 firm with over 1,000 attorneys in 16 offices located in the United States, Europe and Asia. Since 1927, companies have turned to Sheppard Mullin to handle corporate and technology matters, high stakes litigation and complex financial transactions. In the US, the firm’s clients include more than half of the Fortune 100.
This morning, a New York State court ordered a shut down of the leading daily fantasy sports sites in New York, at least for now.
United States Media, Telecoms, IT, Entertainment

This morning, a New York State court ordered a shut down of the leading daily fantasy sports sites in New York, at least for now. The Court found the NYAG has a likelihood of success in showing that the activities are illegal gambling. The Court distinguished daily fantasy from season long fantasy sports and refused to find the entries were not bets or wagers despite the ruling in the Humphrey v. Viacom case in NJ. 

The Court also made clear that the exemption in UIGEA for fantasy sports has "no corresponding authority under New York State law."

We will provide a more detailed analysis of the decision so check back for an update.

Here is the order.

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