Call For Regulation Of DFS (Daily Fantasy Sports) Grows Amid Shady Insider Trading Possibility At DraftKings

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the 15 minutes of fame for these joke rip off sites is ending. thank goodness.


You guys are all fools believing its a consipiracy theory. I have won many large contests and been paid out. It sucks because so many sheep will not play bc of the tinfoil hats so many wear.
 

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Knowing the ownership %, which isn't info available until a lineup locks, is the most important info anyone could have and gives such an advantage I don't think you could even quantify it.

By Sunday morning usually have a pretty good idea what ownership % is going to be. Atleast with a small margin for error but that is because I read a decent amount about the subject so I know what consensus is being formed and just sort of natural feel for who people are going with.

For someone to just have the info handed to them and use it on another site is BS though. The sites prices don't deviate that much so the info is pretty useful. It is the equivalent to insider trading.
 

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I asked them once how many "multiple" entries consisted of and the helpful fan duel guy kept evading my question. I was left with
the impression that in multiple entry games unlimited would be the number of times you can enter. In which case I don't see how
this is different from a lottery where you play as many tickets as you can afford. I fail to see any "skill" in this. We may be "fools"
as you say (and fuck you very much) but where there is a human endeavor in regard to money you can rest assured someone will cheat.
 
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I actually saw that article on that site when it was posted a week and a half ago. However, i thought they were percentage of players owned for tourneys that included the thursday nite game as well. I read this article on a friday.

In my opinion, since the games already started, i didnt see anything wrong with the article
 

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what's the difference between this and a sportsbook employee placing a sports bet else where?

I think the difference is it wouldn't have an effect on bets already made. In DFS it could change your payout.
 

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I asked them once how many "multiple" entries consisted of and the helpful fan duel guy kept evading my question. I was left with
the impression that in multiple entry games unlimited would be the number of times you can enter. In which case I don't see how
this is different from a lottery where you play as many tickets as you can afford. I fail to see any "skill" in this. We may be "fools"
as you say (and fuck you very much) but where there is a human endeavor in regard to money you can rest assured someone will cheat.
Funny if you dont like it dont play. If there is no skill in it then lets play some head to head?
 

hacheman@therx.com
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Same message both sites...







FANDUEL




Integrity of Our Employees


While there has been recent attention on industry employees playing on FanDuel and DraftKings, nothing is more important to DraftKings and FanDuel than the integrity of the games we offer to our customers. 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. Employees with access to this data are rigorously monitored by internal fraud control teams, and we have no evidence that anyone has misused it.
However, we continue to review our internal controls to ensure they are as strong as they can be. We also plan to work with the entire fantasy sports industry on this specific issue so that fans everywhere can continue to enjoy and trust the games they love.





.......................................................................................................................................................



Stacked_NoTagline-1-380x206.png





Nothing is more important to DraftKings and FanDuel than the integrity of the games we offer to our customers. 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. Employees with access to this data are rigorously monitored by internal fraud control teams, and we have no evidence that anyone has misused it.
However, we continue to review our internal controls to ensure they are as strong as they can be. We also plan to work with the entire fantasy sports industry on this specific issue so that fans everywhere can continue to enjoy and trust the games they love.
 

hacheman@therx.com
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FanDuel And DraftKings Have Some Explaining To Do


Forbes.com
<time itemprop="datePublished" content="2015-10-05T15:59:00-04:00" class="ng-binding" style="box-sizing: border-box; margin: 0px; padding: 0px; border: 0px; font-weight: 600; font-stretch: inherit; font-size: 11px; line-height: 22px; font-family: 'Open Sans', sans-serif; vertical-align: baseline; text-transform: uppercase; color: rgb(136, 136, 136);">OCT 5, 2015 @ 03:59 PM</time>



TWEET THIS



Earlier today, FanDuel and DraftKings, staunch rivals in the realm of daily fantasy sports, published separate reports on their respective websites that join the two together in <del style="box-sizing: border-box; margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; font-size: inherit; line-height: inherit; font-family: inherit; vertical-align: baseline;">apology</del> explanation. FanDuel’s statement begins by noting that “there has been recent attention on industry employees playing on FanDuel and DraftKings.” Thereafter, each company said the following:

Nothing is more important to DraftKings and FanDuel than the integrity of the games we offer to our customers. 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. Employees with access to this data are rigorously monitored by internal fraud control teams, and we have no evidence that anyone has misused it.

However, we continue to review our internal controls to ensure they are as strong as they can be. We also plan to work with the entire fantasy sports industry on this specific issue so that fans everywhere can continue to enjoy and trust the games they love.


That statement makes it sound like something serious happened, which remains under review by FanDuel and DraftKings. It may be the first time that the competitors have found common ground after multiple rounds of raising funds against each other to the tune of hundreds of millions of dollars.
Roughly a week ago, an individual started a thread on a RotoGrinders message board and titled it, “DraftKings Ownership Leak.” User colinwdrew took issue to the fact that DraftKings published information concerning the breakdown of players selected in a “Millionaire Maker” contest with a prize pool in excess of $1 million to the winners of the competition. Many of the players listed on the “percentage owned” page were taking part in real games that had yet to begin, and thus, DraftKings users could adjust their lineups based on the provided data.
<iframe id="google_ads_iframe_/7175/fdc.forbes/article-d_1" name="google_ads_iframe_/7175/fdc.forbes/article-d_1" width="1" height="1" scrolling="no" marginwidth="0" marginheight="0" frameborder="0" style="box-sizing: border-box; margin: 0px; padding: 0px; border-width: 0px; border-style: initial; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; font-size: inherit; line-height: inherit; font-family: inherit; vertical-align: bottom;"></iframe>

The situation became much more concerning when RotoGrinders co-founder Cal Spears discovered that the DraftKings representative who published the data in error had access to it before lineups were locked and could have used it to gain an advantage in selecting his own lineups on competitor FanDuel’s system. Spears later advised that it was his understanding that in this instance the DraftKings representative did not use the information to his advantage while competing in FanDuel’s offerings.

The data leak itself serves as a concern, but the idea of an employee gaining insider information to use at his own behest seems much more troubling. It brings to light main issues that the daily fantasy sports industry must now confront involving integrity and potential regulation.
 
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I really have to wonder if these guys are starting to lose touch with reality - I guess it makes sense given this is fantasy sports ha ha. Seriously, how is this supposed to reassure the every day player? Once this hits some high profile media, it's only a matter of time before the government gets more involved. Maybe even shut down dfs? Whatever is going to come down, these companies have brought it upon themselves. I enjoy playing, but I feel that over the past 6 months the industry seems more out of control. It's entirely possible that this employee made a legit mistake, and nothing sketchy went down - but this kind of blah blah statement from the two biggest sites in the business does nothing. These guys are constantly hyping the opportunity to win big money, but this incident raises questions about whether or not "insiders" are profiting by having an unfair edge. It's only fueled by the fact that it is extremely difficult to win lots of money, and there is a lot of jealousy out there, which is further fueled by the suspicion that not everything is on the up and up. FD and DK better get their shit together or the shit is going to come down on them.
 

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idk maybe i'm being sort sided, but i just dont see how that affects my lineup...
 
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FYI - story has not hit the NYT.

Article showed up in my email, but has too many ads to try and paste.
 

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Where there is high amount of money, there will be crime.

Like biggie said..."Mo money, Mo problems".


Imo these sites got way too big for their own good. What makes some of these dfs employees not be playing under their friends name?
 

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It's really not that big of a deal. It isn't ideal and it shouldn't happen but it is a blip on the radar. Most of that info is very easy to predict (also most of it is available if you look at ownership %s from Thursday slates....sentiment changes from Thurs to Sun but not that much barring injury)

My guess is the 2 sites come to an agreement that involves employees not playing on other sites, something of that nature.

I wouldn't let it dissuade you from playing too much but everyone should make their own decision.
 

hacheman@therx.com
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For those who know for sure....

Are DraftKings & Fanduel the same people?

If not, then why in the hell do they have the exact same message up on both sites?

Is it yet another slip up on their part in a matter of days?

Maybe they are the same ppl & keeping it hush-hush.

That would explain better how that guy won so much money with the same lineup at both places!

It's a no-brainer employees shouldn't be allowed to play at their own site because those running the computers can easily enter their lineups late, or even edit it if they wanted to, and the only way anyone could ever catch them is if someone just happened to take a random screen shot of lineups before & after at the right moment, and the odds of that are slim...
 

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No they aren't the same people, this isn't China, you wouldn't be able to hide something like that. They are entirely different companies with different founders and investors.

They collaborated on releasing a joint statement because of the coverage of the situation.
 

hacheman@therx.com
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No they aren't the same people. They are entirely different companies.

They collaborated on releasing a joint statement because of the coverage of the situation.




Did they REALLY collaborate or simply posted the exact same message on both sites by accident, and come up with the story of working together after the fact?

Conspiracy?

Probably, but not totally out of the question with what happened, especially that guy winning at both sites with the same lineup.


But who really knows.....
 

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