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A major scandal just broke in a multi-billion dollar industry and nobody is surprised

Oct 6, 2015, 07:02 IST

AP Images

On Monday, allegations of "insider trading" scandalized the fantasy sports industry - and many people online aren't surprised at all.

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In fact, some are surprised it didn't happen sooner.

In case you're not involved in the world of fantasy sports, here's what you need to know from New York Times reporters Joe Drape and Jacqueline Williams:

The data in question is, according to the Times, "what particular players were most used in all lineups submitted to the site's Millionaire Maker contests."

While details of the scandal continue to emerge, folks on Reddit are claiming they always knew something was amok with these massive fantasy sites.

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Reddit

"This has to be assumed," this Redditor wrote about the alleged insider trading.

Reddit

For many Redditors, a scandal in the fantasy world seemed all but inevitable.

Reddit

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Reddit

Reddit

As for those regulations, fantasy sports are considered a game of "skill," rather than "luck," so they're currently legal in all states and not subject to the same laws as online gambling.

Though some Redditors believe that is all about to change.

Reddit

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Earlier this fall, a New Jersey congressman proposed reviewing the legality of fantasy sites like FanDuel and DraftKings.

It seems that some Redditors believe fantasy sports could soon face the same fate that befell online gambling several years back.

"The gov will start smacking these guys around before long," writes one Redditor.

Reddit

"It's the money," writes another Redditor. "The gambling sites are making so much off the rake, it's just crazy. Even if they get shut down eventually, they've already made a killing."

DraftKings and FanDuel stand to loose an even larger "killing" if they were to be shut down. The fantasy industry generated over $2.5 billion this year, and is estimated to generate over $14 billion by 2020, the New York Times also reported.

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