Daily fantasy sports returns to action in New York

Daily fantasy sports is back—and legal—in New York.

On Monday, the New York State gaming Commission notified five of the biggest daily fantasy sports operators—DraftKings, FanDuel, Yahoo, Fantasy Draft and Draft—that they are allowed to resume operations in the state immediately.

The companies will operate under temporary permits, as the state regulator is still drafting regulations based on the bill that was signed into law earlier this month by New York Gov. Andrew M. Cuomo.

The timing couldn’t have been better, what with the NFL season kicking off in a few weeks.