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FanDuel & DraftKings ordered to stop accepting $ from folks in New York state


Wolverines Fan
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From the article:

 

New York attorney general Eric Schneiderman declared Tuesday that daily fantasy sports constitutes illegal gambling in his state and sent game operators DraftKings and FanDuel cease-and-desist notices in a significant blow to the embattled billion-dollar industry.

 

http://espn.go.com/chalk/story/_/id/14100780/new-york-attorney-general-declares-daily-fantasy-sports-gambling

Edited by Wolverines Fan
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The state wants their cut. It's not currently within the scope of their laws to tax the hell out of it, so they just ban it while they work it out. I played fanduel for a few years here in Louisiana (banned) without much trouble. I didn't even need to use my VPN, I just gave them an old address from Florida. I didn't play this year so I can't speak to the current difficulty of bypassing the state laws. I honestly found that for the few years I was doing DFS I really wasn't having much fun, I was just grinding out games to maintain 1-5% profit/week while hoping for tournament upside.

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I have a challenge for the douchebag NY attorney general. You call this a game of chance. Fantastic. Why don't you prove it by jumping in and playing against DMD head to head for the rest of the season. If you win half of the weeks, it truly is a game of chance. But lets get real. You probably wouldn't win even one week. Because you do not have the necessary SKILL.

 

All this is about is the fact that some enterprising people figured out a legal way to make a boatload of money. The kind of opportunity this country was founded on. The American Dream realized.

 

We can't have that. F'ing bunch of commie bastards. Rot in hell.

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I am sensing that the fantasy community at large is taking a blase approach to this assault on the hobby. Not sure why. Whether you live in one of the affected states or not, whether you play fanduel or not, this governmental aggression should be highly concerning to you. Your rights and freedoms are being systematically stripped from you, not to mention, and most important to them, your money. Granted, those companies kind of invited all this with their obnoxious omnipresent advertising. They invited scrutiny. But it will be interesting to see what that scrutiny yields under the judges gavel in the coming days.

 

If a judge in New York rules that our game is a game of chance, and allows this to stand, I consider that a horrible blow against justice in this country. If the legal system convinces itself that my hours and days, and weeks of research in anticipation of a contest equates to pulling the handle for a predetermined outcome of one of their ripoff slot machines, I'm afraid all may be lost. Common sense is truly dead in the wake of obnoxious greed.

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If fantasy football got shut down it isn't the end of the world for some of us. And that isn't likely to happen. Playing fantasy football has been going on for decades, sites collecting money to provide somewhere to play. That's very different from the daily games.

 

There a ton more serious important manure that our government does on a daily business that people should be pissed about. But they care little about those things for some reason.

 

PS How did the NY AG responde to your challenge?

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If fantasy football got shut down it isn't the end of the world for some of us.

 

As long as it isn't happening to me.......

 

This is not about whether it matters to an individual in his individual life. It does matter. But this attitude is how the systematic stripping of personal freedoms takes place. Thanks for pounding my point home.

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As long as it isn't happening to me.......

 

This is not about whether it matters to an individual in his individual life. It does matter. But this attitude is how the systematic stripping of personal freedoms takes place. Thanks for pounding my point home.

Not disagreeing with what you're saying, but I'm not sure you've really chosen the correct audience. This is a very general political statement on a fantasy football site. So I wouldn't expect much. This is discussion is better suited for reason.com.

Edited by timeconsumer
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Not disagreeing with what you're saying, but I'm not sure you've really chosen the correct audience. This is a very general political statement on a fantasy football site. So I wouldn't expect much. This is discussion is better suited for reason.com.

 

Fair enough.

 

Okay then. As a fantasy football player, I am personally insulted that the NY attorney general thinks my 70 year old father, who rarely watches an NFL game, has an equal chance as me to win a fantasy contest. Because that in effect is what they are claiming. Anybody on-board with being offended?

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Fair enough.

 

Okay then. As a fantasy football player, I am personally insulted that the NY attorney general thinks my 70 year old father, who rarely watches an NFL game, has an equal chance as me to win a fantasy contest. Because that in effect is what they are claiming. Anybody on-board with being offended?

If you're still playing daily fantasy, you might want to stop. It's basically rigged.

 

Two points are asserted by the NY Attorney General:

1. Both companies encouraged their employees to play on each other’s platforms and against regular customers. “FanDuel recognized that this policy would be ill-received, instructing employees to minimize their public presence ‘so users are less likely to be suspicious or angry’ and avoid becoming ‘among the top five players by volume’ because ‘top players frequently become targets for accusations.’ ”

 

And here's the real kick in the ass,

2. A vast majority of players are net losers, losing far more money playing on the sites than they win. DraftKings data show that 89.3 percent of D.F.S. players had an overall negative return on investment across 2013 and 2014.

 

So, 90% of players lose money at DFS - that sounds like slots odds to me. Your 70-year old father may not know FFL, but if he's not playing I guarantee you he's losing less money than you are. Italicized portions are taken from a NY Times article.

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  • 1 month later...

Good read here if you have the time: http://www.nytimes.com/2016/01/06/magazine/how-the-daily-fantasy-sports-industry-turns-fans-into-suckers.html?_r=3

 

I was definitely noticing that it was getting nearly impossible to cash in tournaments, which is why I quit DFS around week 10. This article basically confirms my suspicions that unless you are a professional, you are not going to bring home the big money.

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Good read here if you have the time: http://www.nytimes.com/2016/01/06/magazine/how-the-daily-fantasy-sports-industry-turns-fans-into-suckers.html?_r=3

 

I was definitely noticing that it was getting nearly impossible to cash in tournaments, which is why I quit DFS around week 10. This article basically confirms my suspicions that unless you are a professional, you are not going to bring home the big money.

+1. Glad you posted this and great read.

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If you're still playing daily fantasy, you might want to stop. It's basically rigged.

 

Two points are asserted by the NY Attorney General:

1. Both companies encouraged their employees to play on each other’s platforms and against regular customers. “FanDuel recognized that this policy would be ill-received, instructing employees to minimize their public presence ‘so users are less likely to be suspicious or angry’ and avoid becoming ‘among the top five players by volume’ because ‘top players frequently become targets for accusations.’ ”

 

And here's the real kick in the ass,

2. A vast majority of players are net losers, losing far more money playing on the sites than they win. DraftKings data show that 89.3 percent of D.F.S. players had an overall negative return on investment across 2013 and 2014.

 

So, 90% of players lose money at DFS - that sounds like slots odds to me. Your 70-year old father may not know FFL, but if he's not playing I guarantee you he's losing less money than you are. Italicized portions are taken from a NY Times article.

I will take the claims from the attorney general under advisement.

 

As for the net loser statistic. How does the net loser statistic look on state sponsored lotteries which have been systematically raping the underclass for decades now? There is no outrage on the government screwing over Joe Blow.

 

None of this information you cite, proves anything. As a matter of fact, it once again helps prove the point The best players win the money.

 

But there will be nobody to defend these companies in a public forum like this, because as the stats bear out, 9 out of 10 of you are losers, and are probably under the delusion that the attorney general of NY should be retrieving all the money you lost in the contests.

 

I have yet to see evidence that these companies did anything illegal, and I think it is deplorable what they are doing to them. Free enterprise under attack. Go commies go.

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Good read here if you have the time: http://www.nytimes.com/2016/01/06/magazine/how-the-daily-fantasy-sports-industry-turns-fans-into-suckers.html?_r=3

 

I was definitely noticing that it was getting nearly impossible to cash in tournaments, which is why I quit DFS around week 10. This article basically confirms my suspicions that unless you are a professional, you are not going to bring home the big money.

 

Yeah great read. Being outside the US, I'm not allowed to play on DK or Fanduel so never paid much attention to it or understood the issues with it.

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I will take the claims from the attorney general under advisement.

 

As for the net loser statistic. How does the net loser statistic look on state sponsored lotteries which have been systematically raping the underclass for decades now? There is no outrage on the government screwing over Joe Blow.

 

None of this information you cite, proves anything. As a matter of fact, it once again helps prove the point The best players win the money.

 

But there will be nobody to defend these companies in a public forum like this, because as the stats bear out, 9 out of 10 of you are losers, and are probably under the delusion that the attorney general of NY should be retrieving all the money you lost in the contests.

 

I have yet to see evidence that these companies did anything illegal, and I think it is deplorable what they are doing to them. Free enterprise under attack. Go commies go.

 

To be clear, I don't think that the sites should be shut down. I am certainly no fan of the Nanny Government. That said, these guys should be regulated similar to casinos. A little disclosure about what you are up against in terms of big players using algorithms is in order IMO. And I still have my doubts about the employee who won that big prize - I am not convinced that he didn't have an unfair advantage just because Fan Duel says so.

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