Aboutme.SubinFinance - Gambling Still Continues
Gambling Still Continues - The head of the daily fantasy sports website FanDuel told his New York customers Wednesday that they should keep on entering the company's contests, despite a warning from the state's attorney general that they amount to illegal gambling. FanDuel's Nigel Eccles said its lawyers will try to persuade Attorney General Eric Schneiderman over the next five days that their business is lawful and that its 500,000 customers in the state should be able to keep playing. It remains unclear what will happen when that time passes. In cease-and-desist letters sent by Schneiderman's office Tuesday to New York-based-FanDuel and rival DraftKings, the state's top lawman said the companies were violating state gambling laws and offered games of chance, not skill. He likened the companies' business models to the lottery, saying his office's one-month investigation revealed that the top 1 percent of players reaped the majorit...