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Detailed text transcripts for TV channel - MSNBC - 20151007:07:55:00 - Vimarsana News

Detailed text transcripts for TV channel - MSNBC - 20151007:07:55:00

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 the information how had he prevent fraud. joining me now sports editor of the nation. and dave, when ...

Detailed text transcripts for TV channel - MSNBC - 20151007:03:50:00 - Vimarsana News

Detailed text transcripts for TV channel - MSNBC - 20151007:03:50:00

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. they're worth so much money because they figured out a way to let people bet on pro sports legally outside of las vegas. the conceit isn't i'm going to put 25 bucks on the seahawks to beat the lions. instead saying i'm going to pay a $25 entry fee and draft a fantasy team for this week meaning i'll get points for how well the players perform that week, and if i have the most points, i can win the best prize...

Detailed text transcripts for TV channel - MSNBC - 20151007:03:55:00 - Vimarsana News

Detailed text transcripts for TV channel - MSNBC - 20151007:03:55:00

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 fraud. joining me now sports editor of the nation. and dave, when i saw that article, i was like, i...

Detailed text transcripts for TV channel - MSNBC - 20151007:07:58:00 - Vimarsana News

Detailed text transcripts for TV channel - MSNBC - 20151007:07:58:00

Of money on advertising. they are partnering with everyone and fundamentally what they're doing, it is gambling. >> it's gambling. >> that's what it is. i don't have a problem with that. people can gamble if they want to gamble as long as it's 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, that's 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 talk...

Detailed text transcripts for TV channel - MSNBC - 20151007:07:56:00 - Vimarsana News

Detailed text transcripts for TV channel - MSNBC - 20151007:07:56:00

But it's bigger than just the fact that fan dual and draft kings are unregulated and untaxed operations. it's much bigger than that. it's who their partners are. it's 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 cowboys are playing this weekend making it the draft kings swindle bowl for people to tune in. >> but ...