The Wall Street Journal: FanDuel, DraftKings settle with New York for $6 million each

Fantasy-sports websites FanDuel and DraftKings will each pay $6 million to resolve lawsuits in New York over their advertising practices, state attorney general Eric Schneiderman said Tuesday, resolving a year-long legal battle over the popular online games.

According to the settlement agreements, both companies misled players about their services, including the advantages professional players had over other users, the likelihood of winning money and “the addictive nature” of their games. The agreements require the companies to make public, in their marketing and promotional materials, statistics about rates of user success and provide resources for gambling addiction.

“We are pleased to move forward and as our business continues to grow, we are focused on ensuring that millions of passionate sports fans across the country are able to continue engaging in an innovative way with the sports and athletes they love,” DraftKings said in a statement.

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