The quote suggests that daily fantasy sports are neither benign nor without consequences, indicating a belief that companies like DraftKings and FanDuel are leading an extensive operation aimed at circumventing regulations and exploiting fans nationwide. This statement highlights concerns about the ethical practices of these companies within the industry.
At its core, the quote raises questions about the integrity and legality of daily fantasy sports platforms and their relationship with regulatory frameworks across different states in America. It also touches upon the broader issue of consumer protection and corporate responsibility. The speaker views the activities of DraftKings and FanDuel as part of a larger scheme that potentially harms consumers by taking advantage of legal ambiguities to maximize profits, thereby undermining public trust in these platforms.
The quote is attributed to Eric Schneiderman, who served as the Attorney General for New York State from 2011 to 2018. During his tenure, he was known for actively pursuing cases related to consumer protection and financial fraud, often targeting industries like payday lending and pharmaceutical companies for deceptive practices. His statement reflects a continuation of his approach towards protecting consumers against what he perceives as unfair business practices in the daily fantasy sports sector.
