In an effort to maintain propriety and a solid reputation, the folks at FanDuel are implementing a new policy for employees.
This move comes in the wake of “cheating allegations” across the fantasy sports betting industry that have “served as a backdrop for lingering questions about an industry that has been unregulated.”
“Officials for the companies repeated Wednesday that a DraftKings employee who won $350,000 in a FanDuel contest did nothing wrong, and did not have access to internal data before his entry into the contest was complete,” WCVB reports. “But as the companies operate now, it’s up to users of the sites to take their word for it.”
Just this week, FanDuel announced a permanent ban in place for employees that will prevent them from playing on rival fantasy sites.
“While legal in most U.S. states, daily fantasy sports is unregulated, unlike casinos and lotteries,” the report explains. “Participants put together virtual teams based on real players and compete for points based on the players’ statistics. The incident has been likened to insider trading. The internal data, describing how often players are selected by all players in the salary-cap style game, could be used strategically to build a lineup of players with a lot of potential who aren’t popular selections among opponents.”
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