Reader TTS

Today, the NY Attorney General dropped a bomb on daily fantasy sports sites like FanDuel and DraftKings. Sites like them have been categorized as “illegal gambling sites” and have ordered

them to cease taking money from the residents of New York state. The official cease-and-desist notices have been delivered. > BREAKING: NY Attorney General determines that FanDuel & 

DraftKings > are illegal gambling sites, orders them to cease operations in NY. >  > — CNBC Now (@CNBCnow) November 10, 2015 NY’s attorney general, Eric T. Schneiderman, told the NY

Times: > It is clear that DraftKings and FanDuel are the leaders of a > massive, multibillion-dollar scheme intended to evade the law and > fleece sports fans across the country. 

Today we have sent a clear > message: not in New York, and not on my watch. FanDuel is calling this action “state government stifling innovation.” To say that this is a huge blow for the

genre would be an understatement. Other states are certainly looking at this situation and may follow. This whole thing has been almost an overnight sensation, with both companies (and

others) raising a ton of cash and spending it on advertising in every medium known to man. > FanDuel & DraftKings investors: Fox, Time Warner, NBC Sports > Ventures, Comcast 

Ventures, KKR and Google Capital, Robert Kraft & > Jerry Jones >  > — Darren Rovell (@darrenrovell) November 10, 2015 FanDuel told us that their product is a game…and totally

legal: > Fantasy sports is a game of skill and legal under New York State > law. This is a politician telling hundreds of thousands of New > Yorkers they are not allowed to play a 

game they love and share with > friends, family, coworkers and players across the country. Both companies are asking its userbase to speak up on behalf of the company, a move that we’ve

seen from the likes of Uber and Airbnb recently: > RT & Protect your right to play fantasy sports. Sign the petition > below. #FantasyForAllhttps://t.co/ml49VVt9CC > 

pic.twitter.com/QmECsybs55 >  > — FanDuel (@FanDuel) November 10, 2015 > Hey New Yorkers — RT to protect your right to play daily fantasy > in NY! Contact the AG NOW! 

https://t.co/8Y0QlftYCb cc: > @AGSchneiderman >  > — DraftKings (@DraftKings) November 10, 2015 We’ve reached out to FanDuel, DraftKings, MLB, NBA and the NFL for comment and will

update once we hear back. _Additional reporting by Fitz Tepper._ UPDATE: NBA spokesman Mike Bass provided us with this statement: > We continue to monitor reports concerning daily fantasy

 sports. We > expect the industry to respond appropriately to the issues that have > been raised and continue to comply with all applicable laws. FanDuel has provided us with the

following statement: > Fantasy sports is a game of skill and legal under New York State > law. This is a politician telling hundreds of thousands of New > Yorkers they are not 

allowed to play a game they love and share with > friends, family, coworkers and players across the country. The game > has been played — legally — in New York for years and years, but

> after the Attorney General realized he could now get himself some > press coverage, he decided a game that has been around for a long, > long time is suddenly now not legal. We 

have operated openly and > lawfully in New York for several years. The only thing that changed > today is the Attorney General’s mind. DraftKings provided us with the following

statement: > We are very disappointed that New York Attorney General Eric > Schneiderman took such hasty action today, particularly since he did > not take any time to understand 

our business or why daily fantasy > sports are clearly a game of skill. We strongly disagree with the > reasoning in his opinion and will examine and vigorously pursue all > legal 

options available to ensure our over half a million customers > in New York State can continue to play the fantasy sports games they > love. >  > We continue to see a number of 

other officials, including Senator > Negron in Florida, Representative Zalewski in Illinois and the > Federal Trade Commission, take a reasoned, informed and measured > approach to 

the daily fantasy sports business. We hope this trend > continues along with due consideration for over 56 million sports > fans across the country who enjoy playing fantasy sports. We

 remain > committed to working with all relevant authorities to ensure that > our industry operates in a manner that is transparent and fair for > all consumers. >  > New 

York’s actions today are an unfortunate example of a state > government stifling innovation, technology and entrepreneurship and > acting without full and fair consideration of the 

interests of > consumers.