+

Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Close
HomeQuizzoneWhatsappShare Flash Reads
 

FanDuel bans employees from gambling amid huge scandal

Oct 7, 2015, 18:28 IST

New York Attorney General Eric T. Schneiderman has opened an investigation into daily-fantasy-sports betting websites DraftKings and FanDuel, after reports emerged that employees at both companies had won major payouts betting on each other's platforms, according to The New York Times.

Advertisement

The scandal broke after a user on a fantasy-sports forum noticed last week that DraftKings employee Ethan Haskell admitted to "inadvertently releasing data before the start of the third week of NFL games."

That data could have given Haskell or other users a significant edge in DraftKings contests, which have considerable payouts. Haskell won $350,000 at FanDuel the same week.

Schneiderman wrote a letter to both companies Tuesday, demanding the name, job titles, and descriptions of any employees responsible for compiling the wide range of data used to determine the value of players, The Times reports.

NOW WATCH: Fantasy sports employees may be cheating the competition

Please enable Javascript to watch this video
You are subscribed to notifications!
Looks like you've blocked notifications!
Next Article