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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region Forumsfantasy sports teaches us once again why we need regulations. humans cheat.
Scandal Erupts in Unregulated World of Fantasy Sports
A major scandal is erupting in the multibillion-dollar industry of fantasy sports, the online and unregulated business in which players assemble their fantasy teams with real athletes. On Monday, the two major fantasy companies were forced to release statements defending their businesses integrity after what amounted to allegations of insider trading, that employees were placing bets using information not generally available to the public.
The statements were released after an employee at DraftKings, one of the two major companies, admitted last week to inadvertently releasing data before the start of the third week of N.F.L. games. The employee, a midlevel content manager, won $350,000 at a rival site, FanDuel, that same week.
It is absolutely akin to insider trading, said Daniel Wallach, a sports and gambling lawyer at Becker & Poliakoff in Fort Lauderdale, Fla. It gives that person a distinct edge in a contest.
The episode has raised questions about who at daily fantasy companies has access to valuable data, such as which players a majority of the money is being bet on; how it is protected; and whether the industry can or wants to police itself.
http://www.nytimes.com/2015/10/06/sports/fanduel-draftkings-fantasy-employees-bet-rivals.html?_r=0
saturnsring
(1,832 posts)underpants
(182,788 posts)DAMMIT!
Actually I don't play anymore. Played for 3 years and finally figured it out. Won the league (no money) and quit playing. The more you put into the better you do but it ruins watching games.
Baclava
(12,047 posts)And that has nothing to do with money being bet. This is just more attacks by the mob and their govt. lackeys wanting to get their fingers in that pie.
Right NJ?