fantasy football a rip off? ny atty general is investigating

http://www.theatlantic.com/business...orts-insider-trading-advantage/409435/fantasy football a rip off?

The New York Attorney General's Investigation of DraftKings and FanDuel


On Monday, The New York Times reported on a scandal in the world of fantasy sports. The matter involved DraftKings and FanDuel, two companies that run online fantasy sports leagues with cash prizes. An employee at DraftKings, Ethan Haskell, published data that revealed which players were picked by the aggregate pool of contestants on DraftKings’s blog before all roster betting closed for the week. To some, this “leak” raised suspicions that Haskell had access to the data ?before his own roster was set. DraftKings denies this, but it isn't helping ?Haskell's case? that he won $350,000 in the FanDuel NFL Sunday Million contest on September 27, raising concerns that he abused his access to valuable information that would be useful on both FanDuel and DraftKings.

 

http://www.wsj.com/articles/fbi-jus...aily-fantasy-sports-business-model-1444865627

Now the fbi and the justice dept is getting involved

 

So I tried fanduel today. Lost of course. Was fun tho. anyone ever win at this thing?

 

Hypothetical: guy bets on games daily, $25 to $500. He easily pays his rent and his car paid off. He gambles w/in his income (maybe). you spend your saturday nights - all weekend to be exact - with him on the computer or tv following these contests. Problem? Oh and he likes to go to Vegas. But you spend the whole day with poker and the night with March madness ...