Fantasy sports sites just had their biggest weekend ever

Simon Perfitt, head of charity Rethink Gambling, said: “DraftKings’ USA operation spent over $100m in a single month on TV advertising”.

“There’s now a huge bunch of capital behind these sites, so that’s why they can afford to spend what you’re seeing on the commercials”, said Dustin Gouker, a reporter with LegalSportsReport.com. But McCann doesn’t believe what Haskell and possibly other DraftKings and FanDuel employees engage in is necessarily insider trading as defined by the law. However, by looking at a ranked list of ownership percentages on a popular site like FanDuel, we can get a decent picture of how the consensus feels about all of the different plays in a given week across the industry.

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. The goal every time is simple, to win big.

But that is not necessarily how the legislators they are trying to influence see it. When legislators get donations, they have to list out the name, address and profession of a person or group giving them money. Regular fantasy sports, like traditional fantasy football, are exempted from online gambling regulations.

Professional sharks rely on statistics and predictive models to beat the odds. This means the company makes more in entry fees than in the wins paid out.

You might call Bryce Mauro a shark.

“The thing I’ve noticed is the ads everywhere”, said Joe Karlovits, Lawrenceville.

The DePauw senior is studying economics and putting his problem-solving mind to use to win. Rest assured that I am all over this.

“I shouldn’t have pulled that up in front of you, ha-ha”, Aguiar told Calvert, according to the NYT piece.

“There’s absolutely skill involved, but it’s also gambling”. “It gives that person a distinct edge….”

ThinkProgress explains that in 2006, the Unlawful Internet Gaming Enforcement Act explicitly allowed fantasy sports as long as the prizes are known upfront and winning is determined by the person’s skill and knowledge of the stats.

While it’s unlikely this incident will stop DFS from continuing its current level of growth within the USA, it’s certainly given a black eye to the two market leaders and that’s something Amaya hasn’t let go unnoticed. “These folks do it for the excitement and their ego”.

At press time, National Football League teams contacted said they have no plans to remove fantasy stadium lounges, signage or streams of sponsored stats and scores but will keep an eye on the unfolding scandal.

Fantasy sports have become part of our weekly routine, including all the trash talk. Those that love fantasy sports and DFS will hype they industry for hours but the rest of us would rather just play poker.

As for DraftKings and FanDuel, both have since forbidden their workforces from playing in fantasy sports for cash.

The suit is the latest fallout from a controversy that erupted this week when it came to light that a DraftKings employee had inadvertently released information about which athletes were most likely to end up on the rosters.