Fantasy football ‘insider trading’ condemned

Internet gambling laws don't apply to fantasy sports

FLORENCE, Mass. (WWLP) – Some of the nation’s top fantasy football betting websites are under suspicion of giving their employees an advantage.

One dollar, or possibly thousands; online fantasy football betting is both legal and popular.

A DraftKings employee who had access to the company’s fantasy data just won $350,000 on their competitor, FanDuel’s website. There’s no evidence the data directly contributed to the win, and both DraftKings and FanDuel say they monitor for internal fraud, but it’s causing people to question if fans have the same chance of winning.

Harvey Friedman of Florence told 22News he’s not personally interested, but the sites should be working to keep the game fair. “I think it’s a waste of money, but that’s their choice. Everybody wastes their money in different ways. It’s big money. It’s easy to have inside information. Everyone needs to have accountability. Especially the people who are working there and the companies that are doing this kind of thing.”

New York’s Attorney General wants more industry regulation. Most fantasy betting websites don’t ask for information to identify who’s actually playing.

Internet gambling is illegal under federal law, but fantasy sports betting doesn’t apply to that law because it’s considered a game of skill.

Comments are closed.