PrizePicks, a top daily fantasy sports company, settled with the NYSGC, agreeing to stop paid contests in New York and pay almost $15 million.
The settlement covers revenue from June 2019 to December 2023, plus penalties. New York's updated rules, released in October, prohibit certain types of fantasy contests, affecting companies like Sleeper, which were deemed too much like traditional sports betting and now need a special license.
The settlement covers revenue from June 2019 to December 2023, plus penalties. New York's updated rules, released in October, prohibit certain types of fantasy contests, affecting companies like Sleeper, which were deemed too much like traditional sports betting and now need a special license.