You’ve likely seen advertisements for sites like FanDuel and DraftKings.
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Friday, it was announced by Daniel Wallach of Becker & Poliakoff that the U.S. Attorney’s Office in Tampa, FL has begun an investigation into daily fantasy sports operators like FanDuel and DraftKings for possible violations of federal law and Florida law. Everything seemed to be going great for rapidly growing companies whose customers, after paying an entry fee, draft fantasy player lineups from a range of sports for periods as short as a day in the hope of winning big cash prizes. FanDuel makes it extremely simple to join.
Yahoo! Inc. (NASDAQ:YHOO) is quickly catching up with the likes of FanDuel and DraftKings. But for now, the so-called scandal is just making the industry more money.
I wish I’d come up with the brilliant idea of fusing fantasy sports with Internet technology. Maybe Congress will have to step in, which I doubt given the clout of these owners, but they can’t lose credibility or the entire business will crumble. Nothing like giving away $600 to get someone to sign up.
Fairer gambling campaigners and Labour’s shadow gambling minister have reacted with dismay to the revelation that DraftKings, one of the biggest players in the multi-billion-dollar “fantasy sports” market, is set to launch a major blitz in the United Kingdom this month after the gambling regulator issued it with an operating licence. So instead of betting on the actual NFL games, fantasy football participants bet on something that depends on the actual NFL games. Calvert was discussing his baseball player picks for an upcoming tournament with Jon Aguiar, who then checked his phone and informed Calvert that the pitcher he selected was a bad choice because many other players had picked him.
DraftKings on the other hand offers all of the above with the recent addition of eSports events such as League of Legends.
Another key area of difference between the two platforms is how they handle roster locks and player subs on gameday. On Monday Night Football, week 5 comes to a close with an intriguing matchup between the Steelers and Michael Vick on the road in San Diego to take on the Chargers. I think I’ve finished in the money exactly one time over the years, so it’s time to examine where, exactly, I’m in error when selecting my teams and talk about which strategies you use when selecting your teams.
The victor of Week 4’s Sunday Million had seven players under 13-percent owned. DraftKings and FanDuel aggressively advertise the guaranteed prize pool games, and Copeland estimates they account for a few 70% of the overall prize pool.
The current promotions on DraftKings and FanDuel are pretty similar with both matching your deposit 100%.
However, that trust was shaken this week when it was revealed that after a data leak a DraftKings employee won $350,000 on FanDuel.
Either way you really can’t go wrong with either website.
Those suspicions that DraftKings and FanDuel employees are profiting from being a little too cozy?
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We had to know this was coming.
