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FanDuel to resume operations in New york city after law modification
4 August 2016
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A Scottish tech firm is to resume its daily fantasy sports operations in New York, after a bill legalising the activity was signed into law.
FanDuel needed to stop running in the yohaig code state in November after regulators ruled fantasy sports companies' activities totaled up to illegal gaming.
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The company also dealt with legal difficulties in a number of other states.
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FanDuel later on alerted it may not be able to continue as a going issue due to legal obstacles in the yohaig code US.
However, given that January eight US states have actually passed laws "clarifying the legality" of dream sports, according to the company.
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FanDuel, which was founded in Edinburgh in 2009, lays claim to 6 million registered users across the US and Canada. New York is one of its most significant markets.
Its technology platform enables sports fans to choose dream groups from real gamers, and follow their performances.
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President Nigel Eccles welcomed the New york city legislation, stating that sports fans in the state had sent out more than 110,000 letters and made nearly 3,000 calls to legislators backing FanDuel's case.
He said: "Last fall, amidst nationwide debate, some experts put fantasy sports on death watch.
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"But when the calendar turned to 2016 and fantasy sports fans had the opportunity to be heard and lawmakers had the chance to act, the dynamic quickly moved, and one by one states started to acknowledge this is a video game liked by millions - millions who must have the ability to play and should have the yohaig code standard protections paid for to consumers in all significant industries."
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Earlier this week, FanDuel released its first product in the UK - a new one-day fantasy football platform focusing on the English Premier League.
The relocation followed it struck a collaboration handle sports data supplier Opta.
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FanDuel to Resume Operations in New York City After Law Change
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