9 years ago
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Scandal Erupts in Unregulated World of Fantasy Sports
A major scandal is erupting in the multibillion-dollar industry of fantasy sports, the online and unregulated business in which players assemble their fantasy teams with real athletes. On Monday, the two major fantasy companies were forced to release statements defending their businesses’ integrity after what amounted to allegations of insider trading, that employees were placing bets using information not generally available to the public.
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http://www.nytimes.com
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I have been stunned by how cozy the NFL has gotten with these sites. Team owners holding stakes in the businesses, commercials every other game break, etc. The whole thing stinks to high heaven.