FanDuel, DraftKings shut down daily fantasy in NY

|About: DraftKings (DRAFT)|By:, SA News Editor

Top daily fantasy sports companies FanDuel (Private:DUEL) and DraftKings (Private:DRAFT) have agreed to halt their business in New York, betting on a legislative path to make the games legal after a four-month fight with the state's attorney general.

The settlement means the firms would not have to pay any fines or other penalties related to the gambling charges, even if they are found to have been operating illegally.

New York is one of the largest markets for daily fantasy sports in the U.S.

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