FanDuel, DraftKings Settle Advertising Lawsuits

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They are both big radio advertisers, and they were very big last year. On Wednesday The Wall Street Journal reported the two fantasy-sports websites will each pay $6 million to resolve lawsuits in New York regarding their advertising practices.

The Journal reports the settlement states both companies misled players about their services, “including the advantages professional players had over other users, the likelihood of winning money” and “the addictive nature” of their games.” The companies must now make public statistics about rates of user success and provide resources for gambling addiction.

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