Elevate your local knowledge
Sign up for the iNFOnews newsletter today!
Yahoo joins 2 other fantasy sports sites in suspending play
NEW YORK, N.Y. – Internet giant Yahoo says it will suspend its paid daily fantasy sports operations in New York.
In doing so, the Sunnyvale, California-based company joins fantasy sports giants DraftKings and FanDuel.
New York Attorney General Eric Schneiderman (SHNEYE’-dur-muhn) said Tuesday that his office will continue to enforce bans on sports wagering.
The announcement comes a day after a deal between the companies and Schneiderman effectively suspended litigation while lawmakers draft regulations.
Schneiderman sued the companies, arguing the popular online contests are actually illegal gambling operations.
The companies contend the games are skill-based.
Key state legislators have indicated a bill to prevent minors from playing and to incorporate taxes and licensing could pass by mid-May.
Yahoo says it believes its games are legal. Paid games will be suspended Wednesday.
News from © The Associated Press, . All rights reserved.
This material may not be published, broadcast, rewritten or redistributed.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Join the Conversation!
Want to share your thoughts, add context, or connect with others in your community?
You must be logged in to post a comment.
