Facing questions of integrity, future is uncertain for fantasy sports
WBUR - 10/06/2015
Roger Abrams is a law professor at Northeastern University.
“When there is a lot of money that’s involved, there’s always the risk that something can go wrong,” he says. “People can see an opportunity to make some quick money.”
DraftKings says there’s no evidence the employee misused the information.
The 3 ½-year-old startup company teamed up with its chief competitor, New York-based FanDuel and released a joint statement. They said that employees with access to valuable data are rigorously monitored by internal fraud control teams. But both companies also agreed to temporarily ban their workers from playing daily fantasy sports for money at each other’s sites. Until this week, workers had been banned from playing only at their own company site.
Abrams says this is a scandal that will bring increased scrutiny from government regulators.
“How far they go with it, will depend on what else is on board, and whether it becomes simply the first of many scandals, or whether these two companies have been able to stop it right from the beginning,” Abrams said.