New York regulator prohibits prop-style fantasy markets
New York has officially banned Pick ‘Em style daily fantasy sports offerings.
The New York State Gaming Commission today approved its daily fantasy sports (DFS) rules and regulations. The expansive rules place a prohibition on DFS offerings that mimic proposition bets, which places Pick ‘Em games squarely in the banned list of offerings.
The Commission opened comments on the proposed rules this summer and closed the comment period in late September. The commission received several comments in favor of Pick ‘Em games, but did not amend the DFS rules.