DraftKings stops operating in New York as part of settlement

March 22, 2016

DraftKings, the Boston-based online fantasy sports startup backed by more than $500 million, announced Monday it would cease operations in New York as part of a settlement with the New York Attorney General.

"We are an industry leader in technology, innovation and consumer protections, and we are grateful to the hundreds of thousands of New Yorkers who have enjoyed playing fantasy sports on DraftKings for the last four years," said a company spokesman, Ryan Toohey. "We will continue to work with state lawmakers to enact fantasy sports legislation so that New Yorkers can play the fantasy games they love."

Read Complete Article