DraftKings, FanDuel back regulations proposed by Mass.
Assemblyman Dean Murray (R, C, I-East Patchogue) was in Albany yesterday to attend a hearing examining daily fantasy sports in NY and give testimony as a DraftKings account owner himself.
However, both DraftKings and FanDuel will have the chance to argue their case after launching a legal challenge against the ruling, with both operators saying that the decision is unfair, claiming they are abiding with state law.
As the commission works on its report, state Attorney General Maura Healey has proposed a wide-ranging set of consumer protection regulations for daily fantasy sports, including a ban on players under 21 and the identification of highly skilled players.
The NBA, which Stern was commissioner of from 1984 to 2014, has embraced daily fantasy sports the most out of the four major North American professional sports leagues.
Governor Charlie Baker and legislative leaders asked the commission to examine how daily fantasy sports might be regulated, following questions about whether the games amount to a form of gambling.
“We firmly believe this is a game of skill that’s legal in MA and should be subject to reasonable regulations”, former state Attorney General Martha Coakley, who now serving as legal counsel to DraftKings, said Thursday.
Schneiderman filed an enforcement action in New York State Supreme Court on November 17, seeking a preliminary injunction against the fantasy sites that allow players to compete against each other for money.
Federal and congressional authorities have also been looking at the sites’ business model to see if it runs afoul of gambling laws. Crosby asked reporters. “If they could craft a bill, which incorporated regulatory priorities, fundamental values, whatever, that could be applied to all of these games”.