State Attorneys General Team Up to Investigate Tech Firms

After several states began pursuing an antitrust probe of the big technology companies, sources reported that representatives of several state attorneys general met with top Justice Department officials to air their concerns about the lack of competition in the technology sector. Now, according to sources, a bipartisan group of states plans to initiate a joint antitrust investigation, to be launched as soon as next month. Sources say the investigation will focus on whether dominant platforms stifle competition. Continue reading State Attorneys General Team Up to Investigate Tech Firms

New York Governor Signs Bill Legalizing Daily Fantasy Sports

New York passed a bill in June legalizing daily fantasy sports, enabling popular services such as DraftKings and FanDuel to operate in the state. Yesterday, Governor Andrew Cuomo signed the bill into law. “Daily fantasy sports have proven to be popular in New York, but until now have operated with no supervision and no protections for players,” explained Cuomo. “This legislation strikes the right balance that allows this activity to continue with oversight from state regulators, new consumer protections, and more funding for education.” Continue reading New York Governor Signs Bill Legalizing Daily Fantasy Sports

Fantasy Sports May Return to New York if Governor Signs Bill

The New York legislature passed a bill over the weekend that would legalize and regulate fantasy sports in the state. Last fall, Attorney General Eric Schneiderman said daily fantasy sports are a violation of state gambling laws; courts then ruled to shut down DraftKings and FanDuel. The new decision could impact the industry’s ongoing efforts “to pass bills in statehouses that would validate its contention the practice isn’t gambling and shouldn’t be subject to state gambling bans or other restrictions,” reports The Wall Street Journal. “The industry has won passage of bills in Indiana, Virginia, Tennessee, Mississippi, Missouri and Colorado, but it has lost battles in several other states.” Continue reading Fantasy Sports May Return to New York if Governor Signs Bill