by Reuters, The Guardian
Main companies in fantasy sports industry worth billions insist they monitor for fraud after admission that employee accessed data and then won $350,000
DraftKings and FanDuel, the two major US sports fantasy companies, defended their businesses’ integrity on Monday after an employee released insider information and then placed winning bets in the unregulated industry worth billions.
The statement came after a DraftKings manager admitted he inadvertently released data on National Football League fantasy teams and won $350,000 on FanDuel the same week, the New York Times reported.
Companies led by DraftKings and FanDuel have set up online games in which fans pay an entry fee to a website to play dozens or even hundreds of opponents, with prizes that can reach US$2m.
The New York Times said that the data released by the DraftKings manager, Ethan Haskell, showed what players were most used in lineups submitted to the site’s Millionaire Maker contests.
Normally that data was not released until the lineups for all games were completed and getting it early represented a big advantage, the Times said.
Representatives of both companies acknowledged many employees of daily fantasy companies were players initially and continued to compete on other sites.
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