DraftKings and FanDuel Fight Back Against Cease-and-Desist Letters By Filing Suit Against NY AG

Earlier this week, New York Attorney General Eric Schneiderman sent cease-and-desist letters to daily fantasy sports websites DraftKings and FanDuel, demanding that the sites stop accepting wagers in New York because, according to the letters, wagers on the sites “easily meet the definition of gambling.”  Now the sites are fighting back, filing separate lawsuits in New York state court against Schneiderman.  In its lawsuit, DraftKings called the AG’s letters “devoid of judicial authority or coherent analysis.”  The lawsuits also claim that Schneiderman’s office attempted to pressure the companies that process payments for DraftKings and FanDuel to terminate their partnerships with the websites, posing a substantial threat to their businesses. [11/13/15]