Yahoo joins 2 other fantasy sports sites in suspending play
ABS-CBN Sports on Mar 23, 2016 09:51 AM
New York Attorney General Eric Schneiderman speaks at a new conference in New York, Monday, March 21, 2016. The nation's two largest daily fantasy sports websites have agreed to stop taking paid bets in New York through the end of baseball season, in September, as lawmakers consider legalizing the popular online contests, the state's attorney general announced Monday. (AP Photo/Seth Wenig)
NEW YORK (AP) — Internet giant Yahoo says it will suspend its paid daily fantasy sports operations in New York.
In doing so, the Sunnyvale, California-based company joins fantasy sports giants DraftKings and FanDuel.
New York Attorney General Eric Schneiderman (SHNEYE'-dur-muhn) said Tuesday that his office will continue to enforce bans on sports wagering.
The announcement comes a day after a deal between the companies and Schneiderman effectively suspended litigation while lawmakers draft regulations.
Schneiderman sued the companies, arguing the popular online contests are actually illegal gambling operations.
The companies contend the games are skill-based.
Key state legislators have indicated a bill to prevent minors from playing and to incorporate taxes and licensing could pass by mid-May.
Yahoo says it believes its games are legal. Paid games will be suspended Wednesday.