Massachusetts Attorney General Maura Healey recently announced her review of daily fantasy sports and whether or not it is legal in the state and New York Attorney General, Eric Schneiderman, among others, is now involved.
Schneiderman sent demand letters to both Fanduel and DraftKings for explanations and information regarding staff and the handling of sensitive data with a response expected by October 15th.
An investigation is underway regarding a DraftKings employee that is being accused of using inside information to win FanDeul's $350,000 football DFS tournament.
Nevada Senator Harry Reid weighed in having issued a statement commissioning Congress to review fantasy sports betting.
"There's absolutely scandalous conduct taking place through those programs, fantasy sports," Reid told the media. "I think it also should be a warning-shot to everybody that online gaming is a real scary thing and we ought to look at all of it."
New Jersey Representative Frank Pallone and Senator Bob Menendez are pressing the Federal Trade Commission to investigate the DraftKings employee involved in the scandal.
In response, DraftKings has eliminated its advertising on ESPN after it planned to reduce the company's marketing within its programs.
ESPN spokesman Paul Melvin said, "It is a standard procedure for us pull these kind of sponsorships and integrations when we are covering breaking news,” Melvin said in a statement issued to USA Today. “We look to avoid any suggestion of influence on our coverage."
SassyGirlMe
8 years ago
Well, pulling DraftKings ads is the right thing to do for CNN. Conflict of interest. DraftKing seems to be rebel like from all other news, I have read about them. How they are reacting to Nevada putting a ban without a gaming license etc. But they need to stop and realize that no matter how legal your site is, if people...
Well, pulling DraftKings ads is the right thing to do for CNN. Conflict of interest. DraftKing seems to be rebel like from all other news, I have read about them. How they are reacting to Nevada putting a ban without a gaming license etc. But they need to stop and realize that no matter how legal your site is, if people don't trust you they will not deposit at your site. But the worse thing that can come out from this is that people just stop trusting all sites because of one company. That would really be sad knowing that you're to blame. DraftKing needs to stop their pushing and realize something on their end really did do harm to the industry and take that responsibility to make it right. I am just wondering how bad the entire industry is being hit right now. Meaning how much money are they not getting since this scandal hit the headlines. How many people feel cheated. How many people will be file legal suit once the outcome is complete. Wonder? Shame on you.
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Alexa Alexa 8 years ago
It is not often situation to see DRaft Kings linked with this kind of work.When you are big company,unfortunately,it is normal to have problems like this,because reputation of company is depending on every employee,so if anyone mess up,things like this happen,
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sharpe
8 years ago
I don't know what "inside information" exactly means in this case but if that story is true this employee have to sanctioned and probably fired and there's have to be sanctions against Draft Kings too. Anyway I hope they will reach the bottom of all that because the mentioned amount of 350 000$ is really huge and it's...
I don't know what "inside information" exactly means in this case but if that story is true this employee have to sanctioned and probably fired and there's have to be sanctions against Draft Kings too. Anyway I hope they will reach the bottom of all that because the mentioned amount of 350 000$ is really huge and it's just unacceptable.
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