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

[HacheMan]

That 1.3% part is not as bad as it sounds.

Since the prize structure is so top heavy that's going to be around the number because the winners of the big money pools is going to dwarf 99% of the players giving a high 99% of the prize money to such a small percentage of players.

So that number is not as bad as it sounds.

1 person winning 1 mill covers 1000 people winning $1000.

The numbers say DraftKings employees have won about $10 Million.

That is a lot and shows that they are making a valiant effort to win their own contests, particularly the ones with huge payouts, which was created for the public, while at the same time reducing the odds of their customers winning.

That is shady plain & simple.

Playing at others sites is fine...

 

[PatsFan1283]

BD the first time I made the runmaker joke, you took a lot of offense to it and I figured we were just kidding around. I thought that was an inside joke we had where I mention RunMaker and say he is crazy and you agree and say you aren't him.

I've criticized DK throughout the thread though, not sure what more you want.

 

[PatsFan1283]

The numbers say DraftKings employees have won about $10 Million.

That is a lot and shows that they are making a valiant effort to win their own contests, particularly the ones with huge payouts, which was created for the public, while at the same time reducing the odds of their customers winning.

That is shady plain & simple.

Playing at others sites is fine...

I don't know what you are talking about. DK employees are not allowed to play on DK.

Think you misread something?

 

[ML Dog]

BD the first time I made the runmaker joke, you took a lot of offense to it and I figured we were just kidding around. I thought that was an inside joke we had where I mention RunMaker and say he is crazy and you agree and say you aren't him.

I've criticized DK throughout the thread though, not sure what more you want.

It actually totally is our Inside Joke but you tone was different this time.

You typed it with a more evil tone than you had before.

You are emotionally invested in this.

I'd like to think thats because you're good at locating Value but common sense tells me its cause these are your people.

Which is cool. If so.

And if so just please please please tell Ethan this ain't shit compared to a Life.

 

[PatsFan1283]

I really don't think my objectivity is in question to anyone who read the thread but if you do then that is fine.

Fwiw don't care too much about long-term viability of DFS industry. Once the rapid growth begins to plateau then the market will become more efficient and thus not as profitable. I'd liken it to playing online poker in 2004. There will be exceptions to this rule, but that is for a different discussion.

Unless the product further innovates, but I dunno what that would really be.

 

[HacheMan]

I don't know what you are talking about. DK employees are not allowed to play on DK.

Think you misread something?

They have though.

They got caught lying.

Even in this thread someone posted from their site in which is states DK employees are allowed to play & interact with public players at ownership's discretion.

Also CEO got asked 2 questions about it in an interview and he changed the subject...

 

[ML Dog]

I really don't think my objectivity is in question to anyone who read the thread but if you do then that is fine.

Fwiw don't care too much about long-term viability of DFS industry. Once the rapid growth begins to plateau then the market will become more efficient and thus not as profitable. I'd liken it to playing online poker in 2004. There will be exceptions to this rule, but that is for a different discussion.

Unless the product further innovates, but I dunno what that would really be.

Dig that. GOOD FUCKING ANSWER

I'm about to submit your Resume for DK Legal Head whether you like it or not cuz it'd be 332,000 per year (+ expenses) and its right up the street. Good Fucking Answer my man, I ain't on your case I am on your SIDE.

I could easily phinagle as could CHOPTALK the out of state bank account so as to play I just want to know as much about the opposition as possible

 

[Wanger]

I don't know what you are talking about. DK employees are not allowed to play on DK.

Think you misread something?

View attachment 17712

Says right on the site that employees can play.

 

[PatsFan1283]

View attachment 17712

Says right on the site that employees can play.

Yeah may use it from time to time to test software, contests with other employees, stuff like that.

The 10M # is inaccurate though. I dunno where he got that. I think what he meant was DK employees have won 10M playing on FD, or vice versa but neither site allows their own employees to play cash or tourney's with regular customers.

 

[PatsFan1283]

Ok I just read the SBD link. The 10M is for DK employees playing on FD, not on their own site. You misread it.

 

[Wanger]

Yeah may use it from time to time to test software, contests with other employees, stuff like that.

DraftKings employees may use the Website, and will from time to time do so for the purpose of testing the site user experience, socializing and competing with customers to build community, and other reasonable and fair uses at the discretion of DraftKings.

You must have missed this part so I enlarged for you.

 

[PatsFan1283]

Do you realize how small scale that is? None of their employees are high volume players or anything. They don't win big tournaments, nothing like that. Probably just some contests with friends, etc. Nothing to what is being insinuated in this thread

Draftkings employees have not won 10M playing on Draftkings like Hache incorrectly stated on page 5. Click the SBD link, it clearly states what I am telling you.

 

[Wanger]

Do you realize how small scale that is? None of their employees are high volume players or anything. They don't win big tournaments, nothing like that. Probably just some contests with friends, etc. Nothing to what is being insinuated in this thread

Draftkings employees have not won 10M playing on Draftkings like Hache incorrectly stated on page 5. Click the SBD link, it clearly states what I am telling you.

I never said one word about them winning 10M so don't put words in my mouth

It says plain as day they can play against customers, spin it any way you want.

Do you realize how small scale that is? None of their employees are high volume players or anything.

And you know this how?

You are either the worst shill I have either seen or just spewing BS.

 

[ML Dog]

I never said one word about them winning 10M so don't put words in my mouth

It says plain as day they can play against customers, spin it any way you want.



And you know this how?

You are either the worst shill I have either seen or just spewing BS.

Making an effort to protect his own bread. This is a Sharp DFS Player....

 

[PatsFan1283]

I wasn't putting words in your mouth. I was responding to a post on the previous page that a poster made about DK employees winning 10M on DK. That was clearly an inaccurate statement and I was clearing it up.

Also who the high volume players are isn't a secret, they don't work at DK. That is how I know. You can choose to believe that or not. Sometimes you just have to trust people who understand or have more industry knowledge than you do. It isn't the worst path to take.

As far as "shill", I said no employees should be allowed to play on other sites about 50 times. I was just clearing up an error another poster made.

 

[PatsFan1283]

If you don't want to play then don't play.

However, some people on this site probably do want to play. They just want some questions cleared up for them, saying DK employees are just crushing DK and winning tons of $ is misinformation that I was clearing up. Both sites no longer allow employees to play at any sites anymore as well.

I've said I think scripting is way worse than this. The bonus promo at 4% release is BS, etc

 

[ML Dog]

I never said one word about them winning 10M so don't put words in my mouth.

God I sincerely hope not.

98% of the Human Race has lived in Poverty. Forever. For the whole time we have been on this planet. Thats 98 out of 100 Human Beings.

Thats 98 out of 100 kids having nothing.

What did you have growing up?

 

[WorldNumberOne]

how would anyone know that DK employees won 10 m on FD ?

When I signed up , they didn't ask me where i worked..

 

[doubledeuce22]

Didn't one of the execs boast about how they have high level employees who make more playing on rival sites than at their job?

 

[PatsFan1283]

how would anyone know that DK employees won 10 m on FD ?

When I signed up , they didn't ask me where i worked..

The 10M # is exaggerated for what it is worth. That is gross winnings. Really means nothing. On average maybe 10-15% of gross winnings would translate to net for a winning player. Obviously can be way more with good GPP variance over short-term.

As far as FD knowing who the DK employees are, well DK only has like 50-60 employees so it isn't hard to know something like that. Industry is very small you have to keep in mind.

One interesting development that will come out of this is the employees from the smaller sites get screwed. They just like DFS a lot, they took a job with a small startup and work there and play on the side. Well if those sites enact the same policies as FD/DK then they will have to stop playing. Those people really have no inside info whatsoever as knowing ownership % on those sites and translating the info to FD/DK is useless. But I guess that is collateral damage for a good policy.