DraftKings bans staff from betting on fantasy video games
Nicely that did not take lengthy. After a robust, virtually oppressive preliminary advertising blitz firstly of the NFL season and the announcement that it might quickly broaden into eSports, DraftKings has come beneath hearth for insider buying and selling. An worker on the firm reportedly used private info to put profitable bets on rival fantasy gaming website, FanDuel, and internet roughly $350,000 in every week. New York Lawyer Common Eric Schneiderman has already opened an investigation into the scheme however not earlier than the DraftKings preemptively banned its staff from placing cash down on these video games.
Per a press release revealed on the DraftKings web site:
As a pacesetter within the Every day Fantasy Sports activities business, we take the belief of our group very significantly and stay fiercely dedicated to the integrity of DraftKings’ Day by day Fantasy Sports activities product.
Efficient instantly, DraftKings staff will probably be completely prohibited from participation in any public day by day fantasy video games for cash. We may even prohibit staff from any Day by day Fantasy Sports activities contest operator from collaborating in video games on DraftKings. We’re glad to see that others within the business have adopted go well with and consider that this is a vital subsequent step in retaining the belief of our gamers.
What’s extra, the corporate has additionally employed a authorized staff from Greenberg Traurig to carry out an unbiased investigation into the allegations in addition to advize the corporate on “making certain that our insurance policies and practices are second to none.” Higher late than by no means, I assume.
[Image Credit: Bloomberg via Getty Images]
VIA: IB Occasions
Tags: crimeandpunishment draftkings fanduel playing insidertrading lawandorder sports activities