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Re:NY Attorney General Tells Daily Fantasy Sports to Stop Ta... by slg on Tuesday November 10, 2015 @07:00PM (#10543674)
That brings the list of states with outright bans to Arizona, Iowa, Louisiana, Montana, Nevada, New York, and Washington. That is a rather diverse set of states that probably wouldn't appear together on many other lists. By my rough math, they also amounts to roughly 15% of the US population that DraftKings and FanDuel are unable to accept money from. These companies have to be in full crisis mode at this point and it is hard to imagine they exist in the same form a year from now without some major reform.
Re:NY Attorney General Tells Daily Fantasy Sports to Stop Ta... by rhino369 on Tuesday November 10, 2015 @07:18PM (#10543766)
This isn't really an outright ban. More like, the NY government thinks it's illegal. In order to actually stop them, the government has to prove it is illegal in court. My guess is that a these companies will stand and fight. If they let NY shut them down, they are done.
Re:NY Attorney General Tells Daily Fantasy Sports to Stop Ta... by slg on Tuesday November 10, 2015 @07:27PM (#10543813)
IANAL and could be completely wrong on this, but I thought a judge would have to issue a temporary stay for them to continue without the threat of some sort of retroactive penalty for violating the cease and desist.
Re:NY Attorney General Tells Daily Fantasy Sports to Stop Ta... by rhino369 on Tuesday November 10, 2015 @07:32PM (#10543841)
I am lawyer but I'm not sure how the specific laws work. But generally, yes, if a court eventually says that they were breaking the law the entire time they would have retroactive damages. However, I don't think those retroactive damages would stop at the date the AG sent the letter. I think it would go back to when they started to the illegal activity or the statute of limitations.

But maybe NY has some sort of notice rule for this sort of thing.

Re:NY Attorney General Tells Daily Fantasy Sports to Stop Ta... by slg on Tuesday November 10, 2015 @07:44PM (#10543906)
Interesting, that does make sense from a legal perspective. If you do something illegal you shouldn't need a letter from the Attorney General to tell you it was illegal before you could be punished. Although I imagine that the level of cooperation these companies provide would have some impact on any potential punishment if it were to come to that.
Re:NY Attorney General Tells Daily Fantasy Sports to Stop Ta... by rhino369 on Tuesday November 10, 2015 @07:49PM (#10543934)
Yes, often the company will negotiate with the AG's office on a settlement. Being cooperative goes a long way.
Re:NY Attorney General Tells Daily Fantasy Sports to Stop Ta... by bradleyjg on Wednesday November 11, 2015 @12:21AM (#10544954)
The letter threatens criminal prosecution as well as civil litigation. If the companies continued while awaiting a ruling they risk company destroying criminal penalties (under the state's RICO analog) and the executives risk going to prison.

Sure, that could have happened even without a letter, but ignoring it is daring them to do it.

Re:NY Attorney General Tells Daily Fantasy Sports to Stop Ta... by bko on Tuesday November 10, 2015 @09:06PM (#10544338)
As a New York resident, the state embarrasses me regularly in terms of the amount of personal liberty the politicians are willing to trample. Between Senator Schumer, Attorney General Schneiderman and New York Mayor DeBlasio, I honestly don't know who is the worst.

Schumer's ban requests include powdered caffeine [0], certain flavors of e-cigarettes [1] to Bitcoin [2].

Schniederman strikes me as someone more interested in extorting companies. His most recent subpoena Exxon for not speaking out about climate change to their investors (??) is his most recent campaign [3]. I'm guessing he wants to buy more iPads for the police department [4]

DeBlasio has an axe to grind against Uber [5] and costumed characters in Time Square [6] .

What a joke that this qualifies as progress.

Sorry, rant over.

[0] http://www.schumer.senate.gov/newsroom/press-releases/follow...

[1] http://www.nbcnewyork.com/news/local/Schumer-Calls-for-FDA-B...

[2] http://www.forbes.com/sites/andygreenberg/2014/02/26/senator...

[3] http://www.bloombergview.com/articles/2015-11-10/schneiderma...

[4] http://blogs.wsj.com/metropolis/2015/05/01/french-bank-settl...

[5] http://www.nytimes.com/2015/07/23/nyregion/de-blasio-adminis...

[6] http://www1.nyc.gov/office-of-the-mayor/news/570-15/mayor-de...

Re:NY Attorney General Tells Daily Fantasy Sports to Stop Ta... by warfangle on Tuesday November 10, 2015 @09:57PM (#10544540)
Because the alternative to DeBlasio on the Democratic ticket was Christine Quinne, Bill Thomson, John Liu and others.

Bill Thomson spent the time between the 09 and 13 election working for an investment firm, and given the attitude towards politicians owned by banks, failed to gain the nomination.

Christine Quinne worked with Bloomberg to overturn 2-year term limits on elected officials, and ran a secret slush fund while she was on the city council.

Anthony Weiner, well. Was Anthony Weiner.

Randy Credico ran a very lackluster campaign.

While John Liu had a solid platform, his campaign became embroiled in financial scandal.

On the other side of the aisle, we had John Catsimatidis and Joe Lhota (George MacDonald ran a campaign as well, but was barely known).

Catsimatidis unabashedly supported the wildly unpopular stop & frisk tactics, which were (and still are) wildly unpopular.

Lhota was in favor of charter schools instead of fixing our crumbling public schools (DeBlasio's plans for public schools end up actually working, unlike charter schools); his mixture of fiscal conservativeness and socially liberal policies like choice & equal rights turned off the Republican vote - he only garnered a little more than 20% of the vote.

So it was between DeBlasio and Lhota. DeBlasio spoke to his base and Democrats actually liked him. Lhota alienated his base and Republicans hated him (and so did Democrats).

We get crap politicians because crap candidates run. Just like every fucking where else. Why do we get crap candidates? Because money.

---

Yeah, the e-cig stuff is stupid. Yeah, the campaign against topless panhandlers in times square is pretty stupid. The campaign against uber makes sense, if you're not a proponent of neo-feudalism.

Schneiderman's v. Exxon stuff is actually kind of interesting. It's not that he's alleging that they failed to disclose climate change to their investors - you're mincing words, and it's pretty fucking obvious. They failed to inform their investors of studies that could pose change to their future profits. Shaky, sure, but not entirely insane. He's not anti-business, he's anti business that's fucking us over. Keep in mind that Exxon (formerly Standard Oil) was responsible for one of the largest oil spills on US soil - right here in Brooklyn.

Re:NY Attorney General Tells Daily Fantasy Sports to Stop Ta... by bko on Tuesday November 10, 2015 @10:36PM (#10544690)
Do you really believe that it's about Exxon's investors? I imagine the proceeds from whatever settlement would go to those affected, according to your description, the shareholders who's future profit's will be hurt from withholding their studies?

You can sue for oil spills. You can put in a gas tax. But what's Schniderman is doing is a shake-down, led by populism. I get it, no one likes Exxon (me included) and my opinions may not be popular. But these lawsuits are a new form of hidden tax paid by shareholders, not some mythical corporate entity. He even went after an English bank (Barclays) for something to do with their dark pool. It doesn't go to those harmed by the actions. You can read about where the money goes. It goes to government agencies, and yes, iPads for the police. It's fine if politicians think there are worthy programs they want to fund, but this isn't rule of law.

http://dealbook.nytimes.com/2013/11/20/where-does-jpmorgans-...

Re:NY Attorney General Tells Daily Fantasy Sports to Stop Ta... by Spooky23 on Tuesday November 10, 2015 @09:20PM (#10544391)
Why should normal bookies be prosecuted and jailed when a big corporate entity flaunts their lawbreaking?

Doing something on the internet shouldn't be carte Blanche for breaking any law deemed inconvenient.

Re:NY Attorney General Tells Daily Fantasy Sports to Stop Ta... by bko on Tuesday November 10, 2015 @09:31PM (#10544441)
If a law is unjust, a man is not only right to disobey it, he is obligated to do so.

Also, big corporate entity doesn't use violence.

Re:NY Attorney General Tells Daily Fantasy Sports to Stop Ta... by Spooky23 on Tuesday November 10, 2015 @09:58PM (#10544545)
I guess I've heard it all now... A moral crusade to allow sports betting.
Re:NY Attorney General Tells Daily Fantasy Sports to Stop Ta... by clocksld on Tuesday November 10, 2015 @11:10PM (#10544796)
Because if you don't care about a certain topic, nobody should care about it, right?

I hope you aren't being serious.

It's also ironic that you deride a moral argument for sports betting, considering that the only legitimate argument AGAINST sports betting (and gambling in general) is the moral one.

Re:NY Attorney General Tells Daily Fantasy Sports to Stop Ta... by Spooky23 on Wednesday November 11, 2015 @12:12AM (#10544938)
Not at all.

But don't pretend that playing a fantasy football pool is some sort of act of civil disobedience. It's just another impulsive act that happens to be illegal.

There are many arguments against sports betting. It corrupts the sport and is fundamentally exploitive of those who lack the ability to control their impulses. As I said before, it's illegal in New York, and the owners of these sites should be prosecuted criminally, just as any other pool organizer who attracted police attention would. We're all supposed to be equal under the law.

Re:NY Attorney General Tells Daily Fantasy Sports to Stop Ta... by dajohnson89 on Wednesday November 11, 2015 @12:54AM (#10545053)
Your point is well made, but to paraphrase Chris Christie during the last GOP debate, "who fucking cares about sports betting?"

I mean, I hope you're also in favor harsh penalties for recreational drug use, for consistency's sake.

Again you're absolutely right about equality under the law. But as with many things in our spectator society, the Fantasy sports betting thing is just a proxy war. The true war is freedom to piss away time and money online betting on a stupid football game. It's unfortunate that so many lives are ruined by gambling and also unfortunate that I have to endure hearing my coworkers and friends blabber about QB ratings and stupid shit like that.

But allowing the government to curb yet another aspect of our online life is setting a bad precedent (go ahead, say "b-but what about pedophilia?").

Re:NY Attorney General Tells Daily Fantasy Sports to Stop Ta... by bko on Tuesday November 10, 2015 @10:41PM (#10544702)
Well millions of Americans are made criminals by these types of laws. Estimated $10 billion a year are bet on Super Bowl and another $12 billion on NCAA tournament. But who cares, let's turn a blind eye to that. By driving it underground, the participants can't rely on rule of law to enforce contracts and it is instead is enforced by violence.

But who cares about that? Just as long as you can make a snide remark about an activity that may not affect you.

Re:NY Attorney General Tells Daily Fantasy Sports to Stop Ta... by JonFish85 on Tuesday November 10, 2015 @10:50PM (#10544740)
How much of your net worth is tied up with FanDuel/DraftKings?
Re:NY Attorney General Tells Daily Fantasy Sports to Stop Ta... by dang on Wednesday November 11, 2015 @05:20PM (#10549776)
That's a form of personal attack that isn't allowed here, so please don't address other users this way.
Re:NY Attorney General Tells Daily Fantasy Sports to Stop Ta... by tn13 on Tuesday November 10, 2015 @09:20PM (#10544386)
And I am surprised that NY people vote for these kind of scums again and again.
Re:NY Attorney General Tells Daily Fantasy Sports to Stop Ta... by bcoates on Tuesday November 10, 2015 @08:08PM (#10544049)
NYAG is mostly in the business of shaking companies down but not killing the golden goose. Presumably this is an opening salvo that will end in them making some token changes to their business to be declared in compliance with the law and paying out a large settlement in lieu of prosecution for their previous activities.

This function of the office was perfected by Spitzer but it's been cheerfully carried on by his successors.

Re:NY Attorney General Tells Daily Fantasy Sports to Stop Ta... by warfangle on Wednesday November 11, 2015 @07:55AM (#10546412)
Nevada isn't banning them. It's requiring that they apply for a gambling license.