NY legislation advancing to regulate daily fantasy sports
ALBANY, N.Y. - New York lawmakers have begun advancing legislation to regulate daily fantasy sports, which would enable thousands of people to resume playing.
Committees in the state Senate and Assembly with jurisdiction over gambling this week separately advanced bills that detail proposed registration fees for commercial operators and prohibitions against minors playing. They would also bar contests based on collegiate or high school sports or horse racing.
Differences between the bills would have to be reconciled and passed.
The Legislature is scheduled to adjourn in two weeks.
The largest commercial operators, FanDuel and DraftKings, agreed in March to stop taking bets in New York as lawmakers considered legalizing the popular online contests.
Attorney General Eric Schneiderman sued to stop them, saying they offered illegal gambling.
Editor's note: CBS has an investment in FanDuel of less than 1 percent of that company's value.