Report here:
http://calvinayre.com/2015/10/03/bus...-trading-talk/
Story originally surfaced in this thread:
https://rotogrinders.com/threads/dra...ip-leak-850584
Report here:
http://calvinayre.com/2015/10/03/bus...-trading-talk/
Story originally surfaced in this thread:
https://rotogrinders.com/threads/dra...ip-leak-850584
The guy is a cheater for sure using his statistical advantages working for Draft Kings to play on competitor Fan Duel which they allow him to do so.
You can view his fully tracked results here:
https://rotogrinders.com/profiles/et...s?type=biggest
It don't say the amounts he won but he guarantee is in most of the tournament description to give you a good idea of all his first place binks in MASSIVE fields.
If Draft Kings don't do anything about this then hopefully Fan Duel cuts this fucking guy off from playing on there site.
Good piece about this here too B&P:
https://dfsreport.com/6840/fanduel-draftkings-mishaps/
>> iGaming News, Legislation Updates and Poker Site Reviews @ PokerLaws.org
What a scumbag, Ethan is the reincarnation of Russ Hamilton. He should step down immediately.
Lineup data shouldn't even be accessible by the CEO, let alone some customer relations lackey. It shows how incompetent and/or corrupt this company is. I guarantee this moron getting caught is only the faintest hint of the real scandal.
If you work in this business for any site you shouldn't be allowed to play not only for the site you work for but also competitors due to the insider information you have access to.
It would be too easy to make friends with your enemies to share this kind of information so each person involved can play in there competitors competitions.
It's also too easy for anyone with this type of information to sell it to people privately, have a friend or family member setup an account for them that they can play under, or just feed this third party the information for profit. A person could do this not just to play on the competitors side but also have them enter games on exact site they work for.
This whole situation is mess when you think deeply about all the ways someone with this information can use it for an unfair advantage versus all the other people playing.
Most of these big tournaments allow multiple buyins so they can use edges to fire several entries into each and will show a decent ROI from doing so.
I play a little but overall the rake is WAY too high in DFS. We are talking about 13-15% taken out of some of these big tournaments prize pool. They might give a small rebate as far as rakeback in the forum of FPPs, deposit bonuses, and eat some paypal fees but still the rake is outrageous.
In head to head matches they are taking out 10% per side until you get up to $100 then it slightly decreases. That requires you to win at a rate that the heavy majority can't do in order to get ahead.
If you play poker online a heads up sit and go standard industry rake for games under $100 is 5% on top of the buyin for each side versus a DFS site just taking 10% out.
In other words a $10 h2h match in DFS is technically a $9+1 buyin where first gets $18 versus a heads up sng that is $10+.50 paying $20 for first. Since a poker site charges the 5% on top of the buyin it is even less you will have to win to show a profit.
For this example you have to win 55.55% of H2H matches in DFS just to get to even versus 52.5% at the equivalent buyin in poker heads up sngs. That 3% more is HUGE when showing profit in games like this.
Yep, the scandal deepens...
https://dfsreport.com/6898/follow-up...nduel-mishaps/
I agree.Originally Posted by IAmProfessionalTalk
These early DFS sites remind me of unregulated online poker sites.
Super shady, and vulnerable to shady assholes manipulating them.
This is the problem with "carve outs" in laws. They always get abused.
DFS is legal because there was a concern that anti-gambling laws would criminalize recreational fantasy sports leagues. So fantasy sports was carved out as legal, and that eventually gave rise to daily fantasy sports, which is all about gambling rather than a friendly yearlong fantasy sports competition with a prize as the incentive.
So due to this carve out, there aren't any real regulations on the book for operations of DFS sites, and as a result we have scandals like this.
Ethan is a fucking lair.
He claims that he is the only one with access to DFS data.
Bullshit!!! I bet a lot of DraftKing empolyees have access to this data.
Before DraftKings employees used DFS player data to play on Fanduel, they use to sell information to some top players.
Read the fine print on some of these fantasy sports contests, you must agree to use your name and image to be promoted by DraftKings for free.
There is a lot more to these results than the casual observers might realize.The guy is a cheater for sure using his statistical advantages working for Draft Kings to play on competitor Fan Duel which they allow him to do so.
You can view his fully tracked results here:
https://rotogrinders.com/profiles/et...s?type=biggest
It don't say the amounts he won but he guarantee is in most of the tournament description to give you a good idea of all his first place binks in MASSIVE fields.
If Draft Kings don't do anything about this then hopefully Fan Duel cuts this fucking guy off from playing on there site.
This particular employee here Ethan Haskell has been on a SERIOUS HEATER since from what I understand also correlates to the point in time where he was being given access to this data to write his little article for the 'Draftkings playbook'. He has had 4 Major MLB Scores and now a massive NFL 350k score in a 35 day period. And these are all outside of what he ever won from what I can gather before, let alone in that short period of time across 2 different sports. Given what we now know, he has possibly had access to that sensitive data over that same period and it really smells bad.
Its insane to think this article cant wait until after the games start or end but this employee has been absolutely winning way wayyy beyond the norm and absolutely destroying it since he has had access to this data (via his position writing for the DK playbook).
I don't believe this guy overnight got so good that he is just eviscerating the competition all of a sudden. I am quite certain it's actually a function of his access to the most sensitive and important information in DFS, player owned %s. And being able to set your l.us according to it when noone else (aside from insiders) have information to it.
It is the holy grail in DFS aside from being able to str8 super use people in HU contests (knowing there lineups). Having access to tournaments owned %s of players before anyone else can get it.
Last edited by garrett; 10-05-2015 at 11:41 AM. Reason: typos
Now Forbes put out an article:
http://www.forbes.com/sites/darrenhe...laining-to-do/
THEY ACTUALLY ARENT THE BASTIONS OF MORALITY AND CONDUCT YOU THOUGHT.
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 on information not available to the public.
Last week, a DraftKings employee admitted to inadvertently releasing data before the start of the third week of N.F.L. games, a move akin to insider trading in the stock market. The employee – a midlevel content manager — won $350,000 at rival site FanDuel that same week.
The incident has raised questions about who at daily fantasy companies has access to valuable data, how it is protected and whether the industry can — or wants — to police itself.
The leagues have been swelling in popularity, their advertisements blanketing football game broadcasts.
Continue reading the main story
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The industry has its roots in informal fantasy games that began years ago with groups of fans playing against each other for fun over the course of a season. They assembled hypothetical teams and scored points based on how players did in actual games.
Continue reading the main story
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Get the big sports news, highlights and analysis from Times journalists, with distinctive takes on games and some behind-the-scenes surprises, delivered to your inbox every week.
But in recent years, companies, led by DraftKings and FanDuel, have set up online daily and weekly games in which fans pay an entry fee to a website — anywhere from 25 cents to $1,000 — to play dozens if not hundreds of opponents, with prize pools that can pay $2 million to the winner. Critics have complained that the setup is hardly different from Las Vegas-style gambling that is normally banned in the sports world.
On MondayDraftKings and FanDuel, released a joint statement that said that “nothing is more important” than the “integrity of the games we offer,” but offered few specifics about how they keep their contests on the level.
A spokesman for DraftKings acknowledged that employees of both companies have won big jackpots playing at other daily fantasy sites. Late Monday, the two companies temporarily banned their employees from playing games or in tournaments at any other site.
Continue reading the main story
RELATED IN OPINION
The Boston office of DraftKings, an online fantasy sports company.Editorial: Rein In Online Fantasy Sports Gambling OCT. 5, 2015
“Both companies have strong policies in place to ensure that employees do not misuse any information at their disposal and strictly limit access to company data to only those employees who require it to do their jobs,” the statement said. “Employees with access to this data are rigorously monitored by internal fraud control teams, and we have no evidence that anyone has misused it.”
Industry analysts said the episode could leave the leagues open to further criticism that they are too loosely regulated.
“The single greatest threat to the daily fantasy sports industry is the misuse of insider information,” said Daniel Wallach, a sports and gambling lawyer at Becker & Poliakoff in Fort Lauderdale, Fla. “It could imperil this nascent industry unless real, immediate and meaningful safeguards are put in place. If the industry is unwilling to undertake these reforms voluntarily, it will be imposed on them involuntarily as part of a regulatory framework.”
Already, there has been intensifying discussion on social media and among lawmkers over whether daily fantasy games are pushing the boundaries of an exemption in a 2006 federal law that has allowed them to operate. The law prohibited games like online poker but permitted fantasy play, deemed games of skill not chance, under lobbying from professional sports leagues. The games are legal in all but five states.
But because Congress did not foresee how fantasy sports would explode, one member, Representative Frank Pallone Jr., Democrat of New Jersey, recently requested a hearing to explore the relationship between fantasy sports and gambling. “I really think if they had to justify themselves at a hearing they wouldn’t be able to,” Mr. Pallone said in a recent interview.
In this case, the data that was leaked by the DraftKings employee, Ethan Haskell, showed what particular players were most used in all lineups submitted to the site’s Millionaire Maker contests. Usually, that data is not released until the lineups for all games are finalized. Getting it early, however, is of great advantage to make tactical decisions, especially when your opponents do not have the information at all.
A spokeswoman for DraftKings said Haskell simply made a mistake and that the company was certain that he did not use the information improperly. She declined to go into specifics about the safeguards or the company’s auditing policies.
Both DraftKings and FanDuel had prohibited their employees from playing on their own company sites, but they do not restrict them from playing elsewhere. In fact, representatives of both companies acknowledged that many employees of daily fantasy companies were players first and had continued to compete on other sites. Ben Brown, a co-founder of Daily Fantasy Sports Report, was first to disclose that Haskell had posted the information.
“There’s a significant amount of crossover,” said Chris Grove, an industry analyst and editor of legalsportsreport.com. “The nature of the industry is so specialized and so new that at the speed which they grew they relied heavily on the player population.”
Many of these employees set the prices of players and the algorithms for scoring. In short, they make the market.
As daily fantasy sports has blossomed into a multibillion dollar industry in the past year DraftKings and FanDuel have become a cherished sponsor of M.L.B. and N.F.L franchises.
Eilers Research, which studies the industry, estimates that daily games will generate around $2.6 billion in entry fees this year and grow 41 percent annually, reaching $14.4 billion in 2020. So high are the potential financial rewards that DraftKings and FanDuel have found eager partners in N.F.L. teams, even as the league remains a staunch opponent of sports betting.
Jerry Jones of the Cowboys and Robert K. Kraft of the New England Patriots have stakes in DraftKings and the company recently struck a three-year deal with the N.F.L. to become a partner of the American football league’s International Series in Great Britain, where sports betting is legal. In addition, DraftKings has tapped hundreds of millions from Fox Sports, and FanDuel has raised hundreds of millions of dollars from investors like Comcast, NBC and KKR.
Adam Krejcik, a managing director at Eilers Research, said early missteps are often part of booming growth in a new and often misunderstood sector like daily fantasy sports. He said whether Haskell, the DraftKings employee, made an innocent mistake or not the damage is done.
“Certainly does not look good from an optics standpoint and it strengthen the case for additional oversight and regulation,” he said.
Grove, of legalsportsreport.com, said this may be a watershed moment for a sector that has resisted regulation but now may need it to prove its legitimacy.
“You have information that is valuable and should be tightly restricted,” said Grove. “There are people outside of the company that place value on that information. Is there any internal controls? Any audit process? The inability of the industry to produce and clear and compelling answer to these questions to anyone’s satisfaction is why it needs to be regulated.”
"Birds born in a cage think flying is an illness." - Alejandro Jodorowsky
"America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs
You don't say...lol
Can you provide the link?
Expect this scandal to get VERY UGLY before it cools down.
Couple things... I've been going off on a rant about some of this shit lately.
1) Knew there had to be some shit like this going on, just like I, and a lot of other people were saying about all the poker sites back in the day... Integrity will not run high in these companies. They are all trying to make as much $ as possible before heavy regulations set in. That means they will cheat, lie and steal as much as humanly possible.
2) How is this any different from gambling on teams like Pete Rose did? I think in a lot of ways it's worse in that it seems a lot of athletes are playing fantasy in games they are directly involved in, yet this shit is advertised constantly on all the networks, including the NFL Network. That in itself makes no sense at all considering the NFL's stance on gambling and saying they would never allow a team in Vegas due to the gambling aspect of it. Plus, they are extremely restrictive on sportsbooks to the point where you question their motives.
New York Times blowing this story up huge! Currently the #1 most viewed article on their site.
http://www.nytimes.com/2015/10/06/sp...855964&ref=cta
http://www.nytimes.com/2015/10/06/sp...imes&smtyp=cur
"Birds born in a cage think flying is an illness." - Alejandro Jodorowsky
"America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs
Hopefully he doesn't pay, just like you never shipped my sushi you horrible lying faggot
It's hilarious that we as a society think everyone can be a dr, a lawyer, an engineer. Some people are just fucking stupid. Why can't we just accept that?
Can someone write up a quick dumbed down version of how you would set your lineup at a different site if you knew the percentages at your own site?
Actually I see on another site where they are saying you could look up the biggest winners picks and base your picks off of that. Yeah that would be a big advantage. Just trying to figure out how big of an advantage this would be.
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