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In a statement released today, draft kings said they had completed a thorough investigation, found out the employee could 0 not have the used the information to make decisions about his lineup. since the data could give player a higher chance of winning money, $2 billion in prizes this year, this could give employees with access to the data at these companies an incentive to gain advantage over their competition. today the new york attorney general opened an inquiry demanding internal data and t...

Following that fan duel raised. nbc sports and comcast are among the investors in fan duel. as of july, fan duel and draft kings hit respective evaluations of $1.3 billion and $1.2 billion. theyre worth so much money because they figured out a way to let people bet on pro sports legally outside of las vegas. the conceit isnt im going to put 25 bucks on the seahawks to beat the lions. instead saying im going to pay a $25 entry fee and draft a fantasy team for this week meaning ill get points for ...

Draft kings said they had completed a thorough investigation, found out the employee could not have the used the information to make decisions about his lineup. since the data could give player a higher chance of winning money, $2 billion in prizes this year, this could give employees with access to the data at these companies an incentive to gain advantage over their competition. today the new york attorney general opened an inquiry demanding internal data and the information how had he prevent...

Of money on advertising. they are partnering with everyone and fundamentally what theyre doing, it is gambling. >> its gambling. >> thats what it is. i dont have a problem with that. people can gamble if they want to gamble as long as its on the up and up. that makes this situation so bizarre is everyone is partnered with them. if a scandal starts to move through this, thats going to touch a lot of folks. >> also the way espn has done it, they have very credible reporters with very sterling repu...

But its bigger than just the fact that fan dual and draft kings are unregulated and untaxed operations. its much bigger than that. its who their partners are. its worth knowing that the nba last year announced that they now have an ownership stake in fan dual. draft kings is in a three-year partnership with the national football league and is showering espn with millions of dollars and two nfl owners robert kraft and jerry jones both own stakes in draft kings. guess what, the patriots and cowboy...

To gamble as long as its on the up and up. that makes this situation so bizarre is everyone is partnered with them. if a scandal starts to move through this, thats going to touch a lot of folks. >> also the way espn has done it, they have very credible reporters with very sterling reputations who are talking about draft kings. like this morning on mike and mike radio, they talked about val vin johnss touch down that wasnt in the game last night and remarked how much this particular person on dra...

Fan duals leads are paying out $2 billion this year, more money to more winners than any other site. >> use promo code kick to play and get free entry into the grand final. be crowned a millionaire. get to draftkings.com. >> at draft kings we play for grower, for bragging rights for fantasy football supremacy but we also pay for this the giant check. >> i dont know but a few months ago i had never heard of fan dual or draft kings. by now you too have even the ads. id say about 90% of the adverti...

Its much bigger than that. its who their partners are. its worth knowing that the nba last year announced that they now have an ownership stake in fanduel. draft kings is in a three-year partnership with the national football league and is showering espn with millions of dollars and two nfl owners robert kraft and jerry jones both own stakes in draft kings. guess what, the patriots and cowboys are playing this weekend making it the draft kings swindle bowl for people to tune in. >> but dave, let...

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And if that team doesnt do well, you can potentially win millions of dollars. it all depends on how you select your team based on the players that you choose. but now "the new york times" reports, employees replacing bets using information that was not generally available to the public. there are two big players in this game, draftkings and fanduel. and the report says an employee from draft kings used early access to information to form a team using fan duel. and then he won a lot of money, $35...