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  • Baal

    http://www.nbcnewyork.com/news/local/DraftKings-Fanduel-Fantasy-Football-Sports-Daily-Site-Eric-Schneiderman-Attorney-General-351063191.html

    http://www.newsday.com/long-island/politics/spin-cycle/schneiderman-seeks-injunction-to-immediately-shut-down-fanduel-draftkings-1.11134115

  • carney259

    • 290

      RG Overall Ranking

    The worst part of this document is the tone. The tone is clear that the purpose of the policy is to minimize external criticism, and not to actually level the playing field or prevent improper conduct. It is obvious from the tone that Fanduel had no intention of actually policing their employees.

    When they couch it as “there is an expectation that employees will only look up info such as user lineups or user win rates where needed to do job” and “Seek to avoid playing anyone whose lineups you saw for that time period” it suggests that these are aspirations and not hard rules. If you are actually going to have such a policy, any competent legal or compliance person would have it include language like “We will not tolerate” employees accessing nonpublic data without a business need for it and failure to comply “will be met with disciplinary conduct, up to and including termination.”

    I work at a law firm that frequently has nonpublic data on things like proposed mergers that could be used to make illegal profits through insider trading. And believe me, my firm’s policy is not “try your best not to access information you don’t need to see,” and “if you do use it, be discreet” and “we hire people we trust so we’re sure there isn’t much to worry about.” If I started accessing online documents about mergers I am not working on, I would quickly be asked why. And sensitive information has access limited to those who need to see it.

    However you view this document, it makes it painfully obvious that FD is not being run by people equipped to operate a billion dollar business worthy of being entrusted with large amounts of money. If nothing else, it’s business 101 that you never email out a company-wide policy unless you would be comfortable with it being made public. And if they were comfortable with this being made public, nobody spent two minutes thinking about it.

  • JustDFSin

    @letterj007 said...

    If they did fire somebody, I would be shocked if DK and FD answered this question…unless ordered to do so by a judge.

    I would also be curious to hear if an employee was ever disciplined in any manner (reprimand, suspension, etc.) for violating policy.

    I’ve been on this board for a few years and I haven’t seen one iota of this policy posted anywhere. That policy is the equivalent of a teacher leaving the classroom while students take a test.

  • ron69

    What a bunch of dumbasses.No DFS employee should be allow to play fantasy sports.They need to make a deal with the AG before he shuts down DFS in NYC.

    Question…….does anyone have the list of dfs sites a nyc resident can play legally ?

  • JustDFSin

    Here is a general question for anybody? Would u have even started playing dfs if that policy was public knowledge?

  • Fnorney76

    @BobGrinder said...

    There is no way for someone to un-see something and its impossible for anyone to prevent what they have seen/know from affecting their process at the very least on a subconscious level.

    Last night I saw a thread somewhere with the policy and a number of comments about it. Today I’m unseeing it. So I’ve got that going for me. Meantime, it is pretty clear that FD cared primarily about appearances. I guess there are some really bad lawyers out there, but is one bad enough to sign off on this policy? I’d like to think not.

  • Yukonyaks

    I’m with you Sharp. Just afraid we are way past the point of the constitution being valid to these politicians anymore. Any gambling laws themselves are against that constitution.

  • letterj007

    @JustDFSin said...

    I’ve been on this board for a few years and I haven’t seen one iota of this policy posted anywhere. That policy is the equivalent of a teacher leaving the classroom while students take a test.

    That was my point earlier…WhiskeyTavon4 was saying that FD had disclosed the ‘gist’ of the policy. I don’t see it that way – AT ALL. It took the AG – in court proceedings no less – to bring this revealing policy out for all of us to see.

    I would be VERY curious to hear when this policy was drafted and what was the motivation behind the drafting of the policy. I suspect I know the answers, but I would like to hear them – preferably under oath.

    The dots are seemingly connecting, and I would be shocked if this ends well for DFS. I am holding out hope, but that policy is CRUSHING to any positive morale that I held towards FD.

    Also, it’s worse than the example you provided because BIG money is involved, not just marks.

  • mellofellowsu

    @carney259 said...

    However you view this document, it makes it painfully obvious that FD is not being run by people equipped to operate a billion dollar business worthy of being entrusted with large amounts of money. If nothing else, it’s business 101 that you never email out a company-wide policy unless you would be comfortable with it being made public. And if they were comfortable with this being made public, nobody spent two minutes thinking about it.

    This is well said.

    DFS companies are being run by DFS enthusiasts, not by businessmen. The product is probably the best it will ever because it’s run by people that are passionate about the product, but they don’t necessarily know how big a jam they’re in from the commercial side of this, and they don’t seem to know how to get out of their own way.

    Once your business grows past a certain point, you need business-minded folks in the building that maybe don’t know a lot about DFS but know a ton about what commerce is in the US and how to avoid the type of landmines DFS companies have stepped on.

  • drbubba

    @carney259 said...

    painfully obvious that FD is not being run by people equipped to operate a billion dollar business

    No isht. That memo represents some of the worst information that has come out so far. Reeks of deception and incompetence.

  • letterj007

    @JustDFSin said...

    Here is a general question for anybody? Would u have even started playing dfs if that policy was public knowledge?

    I will answer truthfully and respond with “probably not”. I cannot say for certain that I would not have started playing DFS.

    The answer a lot will give once the actions start from people that lost money will be “No ******* Way” (I censored this myself).

  • ActionJunkie

    @Steroid said...

    Because of this, I see Yahoo! exiting the DFS game first, on their own volition. Yahoo! is no longer the innovative startup it once was, it’s a massive company who is having trouble finding it’s identity with it’s size. I mean, activist hedge fund managers have a board seat. Big companies with slow moving boards with HUGE stakeholders (way bigger than what DK AND FD have) will not want this risk for the company. They can always re-enter when the dust settles, and will not want to be associated with AG subpoenas. This controversy is not good for the stock price, so, they will feel pressure from their owners to get the hell out of DFS asap. Heard it here first.

    Ok, everybody… might want to wait until the apocalypse happens before screaming site shutdown. DFS has been ILLEGAL/GAMBLING for MULTIPLE states since it’s inception. This is actually nothing new – it’s just another state being added to the list… and a big state of course.

    Obviously we all hope NY doesn’t fall, but this whole thing about being illegal/considered gambling is not a new precedent as it’s been illegal in multiple places since day 1.

    Of course if the NY AG wasn’t a grand-standing illogical idiot, this wouldn’t be so controversial.

  • johnnyj580

    @mellofellowsu said...

    Once your business grows past a certain point, you need business-minded folks in the building that maybe don’t know a lot about DFS but know a ton about what commerce is in the US and how to avoid the type of landmines DFS companies have stepped on.

    this!

  • letterj007

    @ActionJunkie said...

    Ok, everybody… might want to wait until the apocalypse happens before screaming site shutdown. DFS has been ILLEGAL/GAMBLING for MULTIPLE states since it’s inception. This is actually nothing new – it’s just another state being added to the list… and a big state of course.

    Obviously we all hope NY doesn’t fall, but this whole thing about being illegal is not a new precedent as it’s been illegal in multiple places since day 1.

    And despite their illegality in those states, the companies still collected monies from people in those states. Those financial numbers from the states where DFS is illegal are in the affidavit for a reason…the AG is going for the throat. That info will be spun as DK seemingly thumbing their noses at the rule of law.

  • JustDFSin

    @kingofqueens said...

    Further, serious questions have arisen regarding whether DraftKings is abiding by anti- gambling laws in jurisdictions where even the company accepts that DFS is wholly illegal. Wagner Aff. ¶ 25. NYAG’s investigation uncovered documentation indicating that, in 2014, DraftKings received $484,897 in entry fees from player accounts registered in states where DraftKings purports not to offer DFS for legal reasons (Montana, Arizona, Washington, Louisiana, and Iowa).

    How does this happen?

  • Unico10

    • 636

      RG Overall Ranking

    @ActionJunkie said...

    Ok, everybody… might want to wait until the apocalypse happens before screaming site shutdown. DFS has been ILLEGAL/GAMBLING for MULTIPLE states since it’s inception. This is actually nothing new – it’s just another state being added to the list… and a big state of course.

    Obviously we all hope NY doesn’t fall, but this whole thing about being illegal/considered gambling is not a new precedent as it’s been illegal in multiple places since day 1.

    Of course if the NY AG wasn’t a grand-standing illogical idiot, this wouldn’t be so controversial.

    I don’t think this is the tip of the iceberg as far as States banning DFS

    I fear that it could be the tip of the iceberg as far as uncovering improprieties, lack of oversight and collusions.

  • letterj007

    @JustDFSin said...

    How does this happen?

    O/U on how much of these illegal monies DK returned to those users??

    It doesn’t matter how it happened. It did happen. And if I were the AG, I know how I would use the info.

    I think the feds will be looking HARD into whether DK possessed/possesses proceeds of crime in Mass. Tip of the iceberg here.

  • nychas

    I live in New York but I can legally gamble in online New Jersey casinos when I am in New Jersey. I would think some of those residents of states where Daily Fantasy Sports is not legal participated while they were physically in states where it was. They may also have used proxy servers in violation of Draft King’s terms and conditions.

  • letterj007

    @nychas said...

    I would think some of those residents of states where Daily Fantasy Sports is not legal participated while they were physically in states where it was. They may also have used proxy servers in violation of Draft King’s terms and conditions.

    Those scenarios are entirely plausible. But that’s not what the AG is going to say it looks like.

  • lordwu84

    Great post carney259. The tone pisses me off as well, how can they not make have not safeguards that prevent access, targeting, etc, and only ask employees to try to avoid it. And also, why are there not stated consequences for what will happen if employees break these policies. Why would employees take this seriously if nothing happens to them for jeopardizing the integrity of the game?

  • Heterodox

    @WhiskeyTavon4 said...

    Someone who currently works for ESPN made fun of all the “complainers” in the thread.

    When all of this comes out in the wash, I hope there are consequences, social, professional, or otherwise, for people like him who stand against the legitimate group interest out of personal ambition, using bully tactics to drown out all questions and criticisms, all the while pulling in more users, charging them for subscriptions and getting a cut of their action.

  • letterj007

    @lordwu84 said...

    Why would employees take this seriously if nothing happens to them for jeopardizing the integrity of the game?

    And some around here have always maintained that the integrity of the game was NEVER compromised…#buildbetterlineups

  • mrchuffy

    Nigel should resign immediately, how can any CEO be ok with that shady policy?? If FD wants any chance to survive they better start getting their shit together and hire some people who know how to run a business. I still can’t believe that was a real email management at FD would send out.

  • lordwu84

    @JustDFSin said...

    Here is a general question for anybody? Would u have even started playing dfs if that policy was public knowledge?

    I’m certainly done with Fanduel now, until they get rid of their current management and prove to me they have the best interests of players. Might take federal regulation and oversight AND a new CEO for me to believe in them again.

  • TheRyanFlaherty

    With each public statement I’ve seen from FanDuel leadership I sway more toward the idea that they were never up to anything nefarious, they are simply a poorly run company that stumbled into a service that people went crazy for and the wildly increasing success over this past year has served to illuminate how in over-their-head they are.

  • letterj007

    @TheRyanFlaherty said...

    With each public statement I’ve seen from FanDuel leadership I sway more toward the idea that they were never up to anything nefarious,

    That policy could easily lead one to believe that FD employees may have indeed been doing some shady things though……..and management chose to just look the other way.

    I have said it before: Over and over again, it seems like the fox was guarding the hen house.

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