Sentences with phrase «is an illegal gambling»

Under New York penal law 225, a contest is illegal gambling if a player stakes «something of value» in a contest that the player does not «control or influence the outcome.»

Attorney General Eric Schneiderman had held off litigation against what he claimed were illegal gambling operations and the fantasy companies had suspended their «games of skill» while the proposed legislation was in train.

What matters is whether this is illegal gambling under New York law, and New York law is crystal clear that in order to be gambling, you must have someone that bets on a contest of chance where the person betting does not have «control or influence» over the outcome.

(Reuters)-- Texas reached a deal with fantasy sports firm FanDuel by which it will halt paid operations on May 2, the state's top prosecutor said on Friday, two months after saying such online operations are illegal gambling.

Attorney General Eric Schneiderman said in legal documents filed in a Manhattan trial court that the games are illegal gambling, no different from poker or blackjack.

«Accordingly, a court would likely determine that participation in daily fantasy sports is illegal gambling.»

Attorney General Eric Schneiderman in late 2015 ordered the two main providers, FanDuel and DraftKings, to halt the games in New York, saying it was illegal gambling.

DraftKings Inc. and FanDuel Inc. can keep operating in New York while an appeals court decides whether to shut down the two biggest daily fantasy sports sites as they fight the attorney general's claim that they're illegal gambling operations.

Should I worry that some regulator decides that my «market maker» is an illegal gambling operation?

But you should also know that some jurisdictions will consider your mouse races to be illegal gambling.

As to if it is illegal gambling, that would depend on the law in the jurisdiction where it takes place: for an internet transaction this could be the jurisdiction of the website owner or the user or both.

Not exact matches

CNBC Investigates: Illegal gambling where fortunes are on the line and lives hang in the balance.

Gery Shalon, Joshua Samuel Aaron and Ziv Orenstein were charged in a 23 - count indictment over crimes including computer hacking, securities fraud, wire fraud, identity theft, illegal Internet gambling and conspiring to commit money laundering.

Running illegal gambling operations, including recruiting people for foreign gaming junkets, was their main business, according to previously unreported court documents in China obtained by Bloomberg Markets as well as interviews with family members and former business partners.

We are pleased with the decision, consistent with our view that DraftKings and FanDuel are operating illegal gambling operations in clear violation of New York law.

The general consensus is this is some form of gambling, and let's face it, on the books in New York, it is still illegal.»

He dismissed many of the key arguments that DraftKings and FanDuel have used to support the idea that their games are not illegal gambling.

The new law is the nation's first formal approval of the industry after its come under scrutiny across many states for allowing what regulators see as illegal online gambling.

«Daily fantasy sports companies are engaged in illegal gambling under New York law, causing the same kinds of social and economic harms as other forms of illegal gambling, and misleading New York consumers... Daily fantasy sports is neither victimless nor harmless, and it is clear that DraftKings and FanDuel are the leaders of a massive, multi-billion-dollar scheme intended to evade the law and fleece sports fans across the country.

In November, New York Attorney General Eric T. Schneiderman ordered that daily - fantasy - sports websites constituted gambling and were thus illegal.

Runners have been known to loiter at casinos, keeping numerous mobile phones and tablets near them to receive orders from illegal gambling rings.

The two largest daily fantasy sports companies, FanDuel Inc. and DraftKings Inc., are in early - stage talks to merge, people familiar with the matter said on Monday, as the industry faces a crackdown by U.S. states over whether it runs illegal gambling.

In an April 5, 2016 media release, Alabama Attorney General Luther Strange said «paid daily fantasy sports contests are in fact illegal gambling under Alabama law.»

However, in 1994, then - Attorney General Heidi Heitkamp concluded that a certain fantasy football contest might constitute an impermissible «sports pool» and, in turn, be considered illegal gambling.

Scams are illegal, but gambling on investments you don't understand is not.

One of the most obvious difference between the UK and US research is the total absence of any terms related to gambling in the latter country, where it remains illegal to gamble online.

Due to the fact there is no single entity controlling the cryptocurrency, gambling with Bitcoin is not illegal.

Even disclosures about potential violations of gaming license and concession rules in Las Vegas, Massachusetts, and Macau are more focused on things like illegal gambling, money laundering, and debt collection rather than sexual misconduct.

To circumvent the law (gambling is illegal in China) people were using play money poker sites to set up real money games using play money in exchange for fiat currency transactions away from the tables.

When the craze for poker kicked into high gear, a number of police departments responded by deploying SWAT teams to raid games in garages, basements and VFW halls where illegal gambling was suspected.

People in Alabama have a general interest in almost all sports - the state is second only to Nevada in the amount of money that its citizens bet on sports, despite the fact that in Alabama, unlike Nevada, sports gambling is illegal.»

Although the policy game is a major source of illegal gambling profit, betting on sports is, perhaps, the largest in revenue and public interest.

After all, online gambling and the sale of Kinder Surprise eggs are illegal in many parts of the US, so it stands to reason that some fun - hating - gun - loving politician may move to deprive Americans of the wonder that is football's greatest ever WAG.

Secondly, it would cut into organized crime, which is the major profiteer of illegal gambling today.

Since gambling is illegal in most states, we hope you enjoyed this hypothetical exercise.

On most campuses illegal sports gambling is seldom further than a conversation away.

Despite evidence to the contrary, he claimed that these games constituted illegal gambling and were not classified as a game of skill.

Betting on most sports is illegal in all states except Nevada, and baseball rules bar players from either illicit gambling or associating with gamblers.

And that group is not being replaced by millennials who, if they do gamble, are attracted to claims of bigger and faster payoffs at more upscale casinos or through illegal off - shore internet sites they can access on their phones.

FanDuel and DraftKings are putting on hold their fight with Schneiderman — who has called daily fantasy sports illegal gambling and is trying to shut them down — until after lawmakers close the 2016 legislative session.

Authorities in Russia abruptly reversed existing policy and declared poker to be as illegal as other forms of casino gambling...

Schneiderman says the companies are akin to online poker, and constitute illegal gambling under the state constitution.

Schneiderman says daily fantasy sports are not licensed by the state which means they're engaged in illegal gambling.

He was promoted to detective in 1984, and later assigned to the organized crime task force specializing in illegal gambling and mafia case enforcement.

Off the top of my head the biggest ones are: (1) corruption within the Buildings & Grounds Department (2) corruption involving school district vendors over-billing and paying bribes and kickbacks that led to those two Federal indictments and convictions; (3) corruption involving police harassment of a woman on behalf of the manager of a local beach club; (4) a child rapist operating out of a public middle school; (5) an illegal gambling and pornography web site operated by members of the New Rochelle Police Department; (6) a retired police officer defrauding charities including St. Jude's Children's Research; (7) illegal asbestos handling and asbestos removal at an elementary school; (8) an effort to artificially inflate the salaries and pensions of senior police commanders; (9) the relationship between the New Rochelle Police Commissioner and a corrupt contractor, a man who has since been convicted on Federal corruption charges; (10) the sordid history of former New Rochelle Schools Administrator Freddie Dean Smith.

Judge Manuel Mendez heard arguments from both Attorney General Eric Schneiderman's office as well as lawyers for fantasy sports companies as the state seeks to block their activities in New York, arguing they are providing a form of illegal gambling.

«We were glad to have an opportunity to make our case to the court that DraftKings and FanDuel are operating illegal gambling operations in clear violation of the law, and we await the judge's decision,» said Schneiderman spokesman Damien LaVera.

In November 2015, Schneiderman issued cease - and - desist letters to daily fantasy sports companies DraftKings and FanDuel, accusing the companies of operating a gambling enterprise that is illegal under New York law.

Fantasy sports website FanDuel, along with rival DraftKings, is ordered shut down in New York after attorney general Eric Schneiderman calls both companies illegal gambling sites.

«From loansharking and illegal gambling, to credit card and health care fraud, and even firearms trafficking, today's mafia is fully diversified in its boundless search for illegal profits,» Manhattan U.S. Attorney Preet Bharara said in a statement.