Hunter in USATODAY about Daily Fantasy Sports Sites

As USATODAY  reports, daily fan sports sites DraftKings and FanDuel have been sued by athletes and users and declared illegal under the laws of a handful of states in recent months. But arguably the biggest blow came Friday as a major payment processing company declared it would no longer process payments for daily fantasy sites in the U.S. beginning next month.

“I don’t think they need to take the risk until the issue is resolved,” Hunter Shkolnik, a lawyer representing a New York resident who claims the companies illegally issued loans and collected gambling debts, told USA TODAY Sports on Friday. “There is no upside for them. I think they want to see where this is all going. They don’t want it to appear that they’re facilitating illegal gambling.”

Read the entire article here.