Vantiv, one of the largest payment processing companies in the U.S., has found itself in the middle of a battle between DraftKings and the New York attorney general. To process or not to process, that’s what it basically comes down to. With the legal status of DraftKings up in the air in the state, Vantiv is looking for assurances.
The company recently has asked a New York judge for a ruling on “whether it may continue its work for the daily fantasy sports site”, following state’s attorney general’s crusade to eliminate the site’s business in the state on grounds of illegal gambling.
Vantiv said it’s failing to conform with the provisional order from a Massachusetts judge that it process payments for DraftKings users, and also a preliminary injunction from a New York judge that brought the hammer down on DraftKings.
“Although Vantiv is a bystander to DraftKings and the Attorney General’s dispute, it is substantially impacted by these conflicting court decisions,” Vantiv said.
DraftKings and FanDuel are both seeking to fight New York Attorney General Eric Schneiderman and his demand to shut down in the state.
“Daily fantasy sports is a “game of skill” under New York law, and a ruling to that effect from the state appeals court would “remove the uncertainty” for players and business partners.” David Boies, a lawyer for DraftKings explained.
Vantiv ultimately is seeking clarity on the issue, as the company further said “an expedited determination is requested and required given the fast-moving legal landscape.”