WASHINGTON – The unregulated multi-billion dollar world of fantasy sports has been rocked by scandal as the NY Times is reporting that a employee for DraftKings won $350,000 on rival site Fanduel.
U.S. regulated online gambling industry insider Chris Grove discusses the gravity of this revelation:
The fact that Major League Baseball owns an equity stake in DraftKings and the NBA owns a stake in Fanduel is rip for corruption. With projections that the industry will grow to an $18 billion annual business, it has to be looked at by the Feds. For more click here.