Nevada Shuts Fantasy Sports Websites for Illegal Gambling

Nevada regulators ruled that playing daily fantasy sports should be considered gambling, not a game of skill, and ordered websites like DraftKings and FanDuel to stop operating immediately in the state until the companies and their employees receive state gambling licenses. It is perhaps the most significant setback yet for a booming unregulated industry that has spent the past two weeks in the midst of a firestorm of allegations that have prompted federal and state investigations into the alleged predatory practices of its employees who, armed with inside information, may have exploited its paying customers.