The regulatory repercussions from the fantasy sports “inside information” scandal could soon be forthcoming for daily fantasy sports companies DraftKings and FanDuel. After news broke that employees of the companies with access to non-public information have been winning large sums of money by playing on rival sites, the integrity of daily fantasy sports has come under attack.
Fan outrage may soon lead to regulatory action, however, as New York Attorney General Eric Schneiderman has now sent a letter to both DraftKings and FanDuel demanding more information on employees access policies.
Unhappy Sponsors
In the wake of the scandal, major daily fantasy sports sponsors such as Major League Baseball and Walt Disney Co DIS 0.91%’s ESPN network have distanced themselves from DraftKings and FanDuel.
MLB, which is a part owner of DraftKings, issued a statement clarifying that it does not allow its players to participate in fantasy baseball games involving money and “did not know that the situation was different at DraftKings.”
ESPN “Outside the Lines” host Bob Ley reported on air that the network will no longer run DraftKings- or FanDuel-sponsored segments.
New York Probe
In a letter sent to both DrafKings and FanDuel, Schneiderman has demanded…
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