DraftKings and FanDuel close out final chapter of year-long legal saga in New York

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The daily fantasy sports industry’s two biggest companies have wrapped up the last of their legal troubles in the state of New York.

The state’s attorney general, Eric Schneiderman, announced on Tuesday that his office had reached a settlement with DraftKings and FanDuel over lawsuits alleging that the two startups advertised their services in a way that intentionally misled consumers.

The deal marks the final chapter in a year-long legal battle with Schneiderman’s office that threatened the industry’s right to operate in New York.

The fight’s climax came this summer, when Gov. Andrew Cuomo signed a law  legalizing daily fantasy — provided that the state’s gaming commission regulated it. Weeks later, DraftKings, FanDuel and a handful of others received permits to resume business.  Read more…

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