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Illinois AG Calls DraftKings, FanDuel Contests Illegal

Dec. 29, 2015, 5:00 AM

Online daily fantasy sports contests operated by DraftKings Inc. and FanDuel Inc. constitute illegal gambling in Illinois, according to an opinion issued Dec. 23 by Illinois Attorney General Lisa Madigan (D).

Madigan’s opinion is a setback for a beleaguered industry in a major market, but the blow is softened by the advisory nature of the opinion as well as the fact that legislation is pending in the state that could moot the opinion.

Illinois law prohibits risking money on games of skill as well as games of chance, Madigan said, in a rebuke to the companies’ position that daily fantasy ...