FanDuel moves to halt business with New York users until it stops fighting with the state's attorney general

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FanDuel announced Friday that it would no longer accept new cash deposits from users in New York amid a heated legal battle with the state attorney general’s office.

The company said its contests this weekend will continue as scheduled, but it will be working towards cutting off access to customers in New York as the daily fantasy powerhouse prepares to face regulators in court.

Daily fantasy games, which let users pay an entry fee to pick teams of real-life players and compete for cash prizes, have become embroiled in controversy in the past couple months due to concerns from government regulators that it constitutes an unchecked form of illegal gambling Read more…

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