Fantasy Sports Sites Just Had Their Biggest Weekend EverOriginally Posted by IAmProfessionalTalk
Fantasy Sports Sites Just Had Their Biggest Weekend Ever
Probably more related to football getting into full swing (and the continued marketing blitz) than this scandal.Fantasy Sports Sites Just Had Their Biggest Weekend Ever
Federal Trade Commission could look into DFS sites after controversy
http://espn.go.com/chalk/story/_/id/...tasy-operatorsUnited States Sen. Robert Menendez and Congressman Frank Pallone have asked the Federal Trade Commission to investigate daily fantasy sports operators who allowed employees with access to nonpublic information to compete on rival sites.
"Allowing employees of fantasy sports websites with access to nonpublic information to participate in online fantasy games, even if the games are operated by other fantasy sports companies, could give those employees an advantage akin to insider trading," Menendez and Pallone stated in an Oct. 6 letter to the FTC. "Therefore, we also ask the FTC to investigate whether this constitutes an 'unfair or deceptive practice' as defined in Section 5 of the FTC Act.
DFS ad spending was slashed post-scandal. DraftKings fell out of top 10 advertisers for first time all year.Probably more related to football getting into full swing (and the continued marketing blitz) than this scandal.
Meanwhile, new sign-ups are accelerating. (43% of these new accounts from cousins and in-laws of industry employees.)
LOL DK Spokesman:
http://www.wsj.com/articles/fbi-just...865627?tesla=y“It is entirely predictable that the government would follow up on the misleading reports about our industry,” a DraftKings spokeswoman said in a statement. “We have no knowledge of the specifics of any federal investigation but strongly disagree with any notion that our company has engaged in any illegal activities.”
FBI investigating DraftKings & FanDuel, according to NY Times: http://www.nytimes.com/2015/10/15/sp...tion.html?_r=0
The information under review includes a post by Jon Aguiar, an executive in charge of developing high-volume fantasy players, on a public thread informing players how to deposit funds and play in contests in states and countries where the games are prohibited.
I'm pessimistic on DFS in just about every way but the New York Times is really going balls out to trash the industry and decidedly thin on journalistic facts. Way less facts than they've had for willfully unpublished stories like, say, illegal domestic surveillance or widespread murder by certain governments in faraway dry hot climates. I'm curious what the deeper motivation is here beyond general tabloidery.
Aguiar comes out with statement:FBI investigating DraftKings & FanDuel, according to NY Times: http://www.nytimes.com/2015/10/15/sp...tion.html?_r=0
The information under review includes a post by Jon Aguiar, an executive in charge of developing high-volume fantasy players, on a public thread informing players how to deposit funds and play in contests in states and countries where the games are prohibited.
https://twitter.com/twt/status/654779781913776129
Although: why would that kid just randomly lie though, especially with one of the founders Matt Kalish giving a statement that didn't exactly deny it happened?
I don't have any sympathy for Aguiar unless he comes forward and honestly clears up what's going on with DraftKings and the access employees have to confidential data.
His individual role in this doesn't really matter much in the grand scheme of things.
closest I've found him talking about any type of getting on DK in a non-DFS state (AZ) was for checking lineups, but nothing nefarious or anything about playing
http://forumserver.twoplustwo.com/sh...postcount=4536
Last edited by Shizzmoney; 10-15-2015 at 08:44 PM.
Great news. The independent law firm independently hired by DraftKings to independently review the situation has independently confirmed that Ethan Haskell had locked in his picks 40 minutes before receiving the inside statistical info.
That settles that.
http://money.cnn.com/2015/10/19/news...ion/index.html
Interestingly, they hired Greenberg Traurig to do the investigation.
That's a major firm (1800 lawyers), and they represented Mason Malmuth in his successful lawsuit against Dutch Boyd.
But yeah, this is all bullshit.
Pretty sure DraftKings just manipulated the data and then had Greenberg Traurig "investigate" from that point forward.
Even if the shill "investigator" hired to cover up the scandal were taken at face value, the data Ethan Haskell leaked is extremely valuable to DraftKings players even if useless on FanDuel. There was zero excuse for him, or anyone else, to have access to it.
Of course it was just an isolated one-off breach to that lone employee and nothing of the sort ever happened before or since...................
(Anybody remember Paul Phillips?)
Time to pull this commercial, guys:
Is that Edward Norton doing the voice over?
yes
DFS representatives testified before NJ legislature yesterday. When asked what the highest stakes being played were, they stammered and had no clue.
These companies are such horrible pieces of shit. God I wish they'd do an IPO.
This is gonna be a fucking epic battle. NFL gotta be shittin themselves.
Let the games begin.
DOJ rumored to be ready to declare DFS gambling before years end.
http://calvinayre.com/2015/11/13/bus...-nba-spending/
Also, the NFL owners are probably going to be forced to sell their equity positions by the league. Next owners meeting is December 2nd. Kind of expected, but there may also be some legal charges to come out of this mess also imo, while also simultaneously declaring it 'gambling'.
Its Preet Bharara again obv...
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