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New York Bans Daily Fantasy Sports Betting

Two major U.S. daily fantasy sports companies are pledging to fight back in court against New York's attorney general, who has ordered them to stop accepting bets in the state. New York Attorney General Eric Schneiderman said the games, on the DraftKings and FanDuel sites, constitute illegal gambling under state law. "Daily fantasy sports is neither victimless nor harmless, and it is clear that DraftKings and FanDuel are the leaders of a massive, multibillion-dollar scheme...

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