You are here

Scandal erupting in world of fantasy sports

Fantasy betting firms DraftKings, FanDuel face allegations of 'insider trading' in US

BT_20151007_DNFANTASY7B_1913037.jpg
In recent years, companies, led by DraftKings and FanDuel, have set up online daily and weekly games in which fans pay an entry fee to a website - anywhere from 25 US cents to US$1,000 - to play dozens if not hundreds of opponents, with prize pools that can pay US$2 million to the winner.

BT_20151007_DNFANTASY7B_1913037.jpg
In recent years, companies, led by DraftKings and FanDuel, have set up online daily and weekly games in which fans pay an entry fee to a website - anywhere from 25 US cents to US$1,000 - to play dozens if not hundreds of opponents, with prize pools that can pay US$2 million to the winner.

BT_20151007_DNFANTASY7B_1913037.jpg
In recent years, companies, led by DraftKings and FanDuel, have set up online daily and weekly games in which fans pay an entry fee to a website - anywhere from 25 US cents to US$1,000 - to play dozens if not hundreds of opponents, with prize pools that can pay US$2 million to the winner.

New York

A MAJOR scandal is erupting in the multibillion-dollar industry of fantasy sports, the online and unregulated business in which players assemble fantasy teams with real athletes. On Monday, the two major fantasy companies were forced to release statements defending their

sentifi.com

Market voices on:

grab

Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.

Find out more at btsub.sg/promo

Powered by GET.comGetCom