Kavitha A. Davidson, Columnist

In Fantasy Sports Fight, Bet on New York

The attorney general's case is more dangerous than other states' or Congress.

November 12, 2015 at 10:04 AM EST

By Kavitha A. Davidson

Kavitha A. Davidson is a former Bloomberg View columnist.

Los Angeles Lakers v Sacramento Kings — Photographer: Rocky Widner/NBAE via Getty Images

Before it’s here, it’s on the Bloomberg Terminal

LEARN MORE

This article is for subscribers only.

When New York attorney general Eric Schneiderman issued cease-and-desist orders to DraftKings and FanDuel Tuesday afternoon, demanding the sites stop accepting bets from New Yorkers and characterizing daily fantasy as illegal gambling under state law, it wasn't just a repeat of what happened in Arizona, Nevada and elsewhere. It is a far bigger legal challenge to daily fantasy sports, and it's all about location, location, location.

Schneiderman's decision came on the heels of U.S. Attorney for the Southern District of New York Preet Bharara subpoenaing DraftKings regarding an employee suspected of using inside information to win $350,000 on FanDuel. In addition, the House Energy and Commerce Committee is deciding whether to review the legal status of daily fantasy sites, with the National Football League reportedly contacting members of Congress in an effort to make sure that doesn't happen.

Before it’s here, it’s on the Bloomberg Terminal

LEARN MORE