INDUSTRY FORUM

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  • kingofqueens

    • 2019 DraftKings FFWC Finalist

    • x3

      2016 DraftKings FFWC Finalist

    http://www.nytimes.com/2015/10/15/sports/draftkings-fanduel-fbi-investigation.html?ref=sports&_r=0

  • Turn2gold

    @Njcop2001 said...

    Because most players do not have the access to use this “strategy”.

    Sure they do just max out your credit cards like Ryazan suggests

  • bobbyrogers46

    @PJGuin23 said...

    Think the best course of action is a self regulatory body similar to the bar association for lawyers or the AICPA for accountants. There should be standard internal controls to adhere to in order to be a member and receive a stamp of approval. This board should consist of players and advocates, not site executives. Can’t have the fox guarding the henhouse.

    DFS has the capability to be a great industry. Problem is the public doesn’t trust it and things need to change quick or else.

    Tried doing that a few years back. Many players were strongly interested in and for this. Did have Fanduel making efforts to avoid it though. Given this all blows over and the Government allows this to remain as is, we players need to find a way to unite and demand change. The FSTA, Rotogrinders and other affiliates have no interest in pushing for this, we as players got to come together under one umbrella and be this,…..Lets find a way to connect!

  • AndThisGuyPeedOnIt

    @JMAC126 said...

    Nothing like this has happened before so there is nothing to go off of to predict how it will end.

    There’s never been a potentially corrupt business investigated by the government before?

  • barro

    Back to the actual article.
    Did anyone else flinch when they read this paragraph?:
    “A FanDuel spokeswoman has said that DraftKings employees have won less than $10 million on FanDuel. In the wake of allegations concerning the use of insider information, the websites barred their employees from competing in daily fantasy sports.”

    They act as if less than $10 mill is chump changes. Its not like DK has thousands of employees and have been around for decades. DK has been around for 3 yrs and lets say they have 100 employees which they’ve had the entire 3 yrs (i dont think they have that many now and definitely didnt 3 yrs ago). thats $100,000 per employee or $33,333/year. Thats not too shabby. Now Shrink that down to the actual size of the company and the average DK employee has made prob 2-4x that. (insert eyebrow raise smiley)

  • kaetorade

    • 2013 DraftStreet DSBBC Finalist

    @barro said...

    Back to the actual article.
    Did anyone else flinch when they read this paragraph?:
    “A FanDuel spokeswoman has said that DraftKings employees have won less than $10 million on FanDuel. In the wake of allegations concerning the use of insider information, the websites barred their employees from competing in daily fantasy sports.”

    They act as if less than $10 mill is chump changes. Its not like DK has thousands of employees and have been around for decades. DK has been around for 3 yrs and lets say they have 100 employees which they’ve had the entire 3 yrs (i dont think they have that many now and definitely didnt 3 yrs ago). thats $100,000 per employee or $33,333/year. Thats not too shabby. Now Shrink that down to the actual size of the company and the average DK employee has made prob 2-4x that. (insert eyebrow raise smiley)

    Those numbers represent gross winnings. If you play a lot of volume, it adds up fast.

  • sumedocin7

    Is there any DFS sites that limit the amount of entries a person can have? If not, then theres nothing anyone can do if someone wants to drop 20k on any given tourney.

  • JEFFRAMBO

    Why should there be anything done if someone wants to drop $20k? It’s their money to spend how they see fit. If I wanted to go buy 1,000 PowerBall tickets, should I not be allowed to because the person behind me in line at 7-11 can only afford to buy 5 tickets?

    DFS… the new Welfare State.

  • Njcop2001

    @barro said...

    Back to the actual article.
    Did anyone else flinch when they read this paragraph?:
    “A FanDuel spokeswoman has said that DraftKings employees have won less than $10 million on FanDuel. In the wake of allegations concerning the use of insider information, the websites barred their employees from competing in daily fantasy sports.”

    They act as if less than $10 mill is chump changes. Its not like DK has thousands of employees and have been around for decades. DK has been around for 3 yrs and lets say they have 100 employees which they’ve had the entire 3 yrs (i dont think they have that many now and definitely didnt 3 yrs ago). thats $100,000 per employee or $33,333/year. Thats not too shabby. Now Shrink that down to the actual size of the company and the average DK employee has made prob 2-4x that. (insert eyebrow raise smiley)

    The fact that FD was so quickly able to give the dollar amount won by DK employees raised a red flag to me. Also, the fact that two independent companies but out a joint statement when this first came to light also raised a red flag for me.

  • Redskins4

    @sumedocin7 said...

    Is there any DFS sites that limit the amount of entries a person can have? If not, then theres nothing anyone can do if someone wants to drop 20k on any given tourney.

    Yes FantasyDraft has a max of 20 entries in GPPs, makes playing the 250k, $20 entry gpp they have awesome. Been maxing out entries in that the last few weeks and doing well.

  • Ryazan

    • x3

      2015 FanDuel WFFC Finalist

    • x2

      2015 FanDuel WFBC Finalist

    @Turn2gold said...

    Sure they do just max out your credit cards like Ryazan suggests

    i never suggested that, stop attacking me

  • Ryazan

    • x3

      2015 FanDuel WFFC Finalist

    • x2

      2015 FanDuel WFBC Finalist

    @barro said...

    Back to the actual article.
    Did anyone else flinch when they read this paragraph?:
    “A FanDuel spokeswoman has said that DraftKings employees have won less than $10 million on FanDuel. In the wake of allegations concerning the use of insider information, the websites barred their employees from competing in daily fantasy sports.”

    They act as if less than $10 mill is chump changes. Its not like DK has thousands of employees and have been around for decades. DK has been around for 3 yrs and lets say they have 100 employees which they’ve had the entire 3 yrs (i dont think they have that many now and definitely didnt 3 yrs ago). thats $100,000 per employee or $33,333/year. Thats not too shabby. Now Shrink that down to the actual size of the company and the average DK employee has made prob 2-4x that. (insert eyebrow raise smiley)

    Media misinformation at its BEST right there. As Kaetorade said, those are JUST winnings, it doesn’t factor in how much money was lost. So you can play for a year and you can come out of it winning $1000, but if you put $99,000 into winning your $100,000 (so your 1K is your final total that you actually won), the media would like to portray you as someone who has won $100,000, which is how they are FALSELY portraying DK.

    I will be so happy when DK sues the hell out of all of these media outlets, especially the awful New York TImes

  • barro

    @kaetorade said...

    Those numbers represent gross winnings. If you play a lot of volume, it adds up fast.

    How many people really work for DK? 50? and do they all play at FD?
    10 million in gross winnings is a ton of money if you think about it.

  • Ryazan

    • x3

      2015 FanDuel WFFC Finalist

    • x2

      2015 FanDuel WFBC Finalist

    @barro said...

    How many people really work for DK? 50? and do they all play at FD?
    10 million in gross winnings is a ton of money if you think about it.

    is everyone just willfully ignoring the facts? 10 million is not profit, its just money won. I just made an example in my post again, im not going to make another one.

  • Putz

    @rj3494 said...

    At the end of the day I think DFS will officially be considered “gambling” instead of a “game of skill.”

    1. Why can’t it be both, which is how it is today?
    2. Why would the Feds completely shut something down that they make revenue off of?
    3. Lost of heavy lobbyists in the industries favor. All the sites needed to do is police themselves, which they struggled with.

  • Putz

    @WilliamDeBrigham said...

    Season long is for the most part 10-12 people and everyone has one team.. Their is no comparison between the two.

    You must be new…

    1. Money is exchanges and required to enter the “game”
    2. The outcome is based on the collective results of multiple athletes’ performance
    3. Your team has to best someone else’s team or teams to collect “winnings”
    4. You can either draft players in a predetermined order or have a cap.

  • rgyanks

    @Putz said...

    2. Why would the Feds completely shut something down that they make revenue off of?

    I’m not saying that this is going to happen, but if some politicians feel that it is politically advantageous to shut it down, they would even if it is bringing in revenue. Legalized sports betting could also bringing revenue. So its possible that they do something like that.

    Obviously the difference right now is that the leagues support one and not the other, but the casino lobby isn’t exactly weak and could try to be more influential than the leagues.

  • footballfplyer55567

    Since the original article and no one hear has linked the “public forum” in which Aguilar posted about how to play in prohibited states, I’m going to assume this is just another wasteful thread/article.

  • iSplashRollz

    @Ryazan said...

    Media misinformation at its BEST right there. As Kaetorade said, those are JUST winnings, it doesn’t factor in how much money was lost. So you can play for a year and you can come out of it winning $1000, but if you put $99,000 into winning your $100,000 (so your 1K is your final total that you actually won), the media would like to portray you as someone who has won $100,000, which is how they are FALSELY portraying DK.

    I will be so happy when DK sues the hell out of all of these media outlets, especially the awful New York TImes

    Did you see the newest media “misinformation” the one about the Nevada Gaming Commision? No big deal right? Nothing to see here, everyone stop over reacting and max out your credit cards and build better lineups

  • ChrisGimino

    • 2015 DraftKings FFWC Finalist

    • 2016 DraftKings FBWC Finalist

    @Putz said...

    1. Money is exchanges and required to enter the “game”
    2. The outcome is based on the collective results of multiple athletes’ performance
    3. Your team has to best someone else’s team or teams to collect “winnings”

    This is a tired comparison but stock trading is perfectly legal- and you can say most of this about many investments.

    Basically the stigma of “gambling” is applied to only certain risk/reward investments and not others… Which to me is unfortunate as the concepts are widely accepted in many arenas.

    Now If you’ll excuse me, I have to go practice getting lucky and feeding my wild gambling addiction via tape study and Microsoft excel. What a joke.

  • AQUAFTM45

    @Ryazan said...

    Media misinformation at its BEST right there. As Kaetorade said, those are JUST winnings, it doesn’t factor in how much money was lost. So you can play for a year and you can come out of it winning $1000, but if you put $99,000 into winning your $100,000 (so your 1K is your final total that you actually won), the media would like to portray you as someone who has won $100,000, which is how they are FALSELY portraying DK.

    I will be so happy when DK sues the hell out of all of these media outlets, especially the awful New York TImes

    Ryazan, I agree with you on many points. But the fact of the matter is that is the number this crack FD spokesperson contributed. She could have easily said, “less than 1 million” It’s a spokesperson’s job to know how to speak to the media and the public as not to make the company you represent look bad. The media has made it their job to twist quote’s to favor the message they are trying to get across. On another note, how the heck does FD know what their employee’s have won on DK? A voluntary poll of employees? Call up DK and ask? If they did have this information, I think the latter is more likely.

  • kingofqueens

    • x3

      2016 DraftKings FFWC Finalist

    • 2019 DraftKings FFWC Finalist

    Here’s the latest:

    http://www.nytimes.com/2015/10/16/sports/gambling-regulators-block-daily-fantasy-sites-in-nevada.html?module=Notification&version=BreakingNews&region=FixedTop&action=Click&contentCollection=BreakingNews&contentID=52753782&pgtype=Homepage&_r=0

  • Putz

    @ChrisGimino said...

    This is a tired comparison but stock trading is perfectly legal- and you can say most of this about many investments.

    Basically the stigma of “gambling” is applied to only certain risk/reward investments and not others… Which to me is unfortunate as the concepts are widely accepted in many arenas.

    Now If you’ll excuse me, I have to go practice getting lucky and feeding my wild gambling addiction via tape study and Microsoft excel. What a joke.

    Not sure what you are referring to. I am comparing daily and season long, not the stock market.

  • ChrisGimino

    • 2015 DraftKings FFWC Finalist

    • 2016 DraftKings FBWC Finalist

    @kingofqueens said...

    Here’s the latest:

    http://www.nytimes.com/2015/10/16/sports/gambling-regulators-block-daily-fantasy-sites-in-nevada.html?module=Notification&version=BreakingNews®ion=FixedTop&action=Click&contentCollection=BreakingNews&contentID=52753782&pgtype=Homepage&_r=0

    this has escalated SO quickly WTF is happening right now?

  • Ryazan

    • x3

      2015 FanDuel WFFC Finalist

    • x2

      2015 FanDuel WFBC Finalist

    @ChrisGimino said...

    this has escalated SO quickly WTF is happening right now?

    NYT must be so proud of themselves for being the slimy little media outlet that doesn’t report facts but makes things sound SO bad

  • MastodonsOfStrength

    @Ryazan said...

    NYT must be so proud of themselves for being the slimy little media outlet that doesn’t report facts but makes things sound SO bad

    why do you guys keep blaming the NYT?

    If these sites handled these issues better we wouldnt be dealing w/ this now.
    And why so sure NOTHING fishy is going on?

    Lets not go overboard in either direction.

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