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Thursday, October 8, 2015

Daily Fantasy Scandal

Daily fantasy sports are an exciting new way to watch sports but one thing is becoming more and more difficult and that is winning any money. There is such a hierarchy in daily fantasy sports where the top guys always come home with the money. A recent Draft Kings employee used his insider information in a FanDuel  league and won $350,000. Many people view this as insider trading, using prior knowledge to pick the perfect players so you can win. This shows me that the companies hold all the power and know how to win at their sites while most people do not. The real winners are the pockets of the big guns at these daily fantasy sites but their outlook isn't as clear as it used to be. The government is tracking down to see if this is a game of chance or a game of skill and if the insiders already know and win all the money it isn't gambling its fixed. They make it so simple to pick your team and enter leagues but the number of people that actually make money is minimal except for the few "pros" and those who get insider information.

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