Governor Andrew Cuomo Legalizes Daily Fantasy Sports

Governor Andrew Cuomo signed daily fantasy sports into law in New York this past Wednesday.

“Daily fantasy sports have proven to be popular in New York, but until now have operated with no supervision and no protections for players,” Cuomo said. “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.”

Fantasy sports companies based in New York must register and comply with guidelines set forth by the New York State Gaming Commission and may conduct business immediately if operations began before November 10, 2015.

The legislation is expected to generate close to $4 million in revenue for state education aid.


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