New York Seeks Injunction To Stop Operations Of FanDuel, DraftKings

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Mark Melin
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When New York prosecutors consider legal implications of sports betting sites such as FanDuel and DraftKings, it was a Chicago football game they cited in court documents as support their efforts to seek an injunction to end their operation Tuesday. FanDuel, DraftKings involve a degree of chance, results of bet occur quickly says Schneiderman New York Attorney General Eric Schneiderman, seeking to ban the sports fantasy companies from operating in New York State, noted the end of a football game Monday night November 9. That was when Chicago Bears quarterback took a knee at the end of the game rather…

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Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.