On the GuruElite show on SiriusXM today, Jeff Mans is talking about a rift that occurred on Twitter with regards to he and Ted Schuster posting their lineup on Twitter for all to see and use. Apparently this led to people getting angry that they did this, claiming it’s a Terms of Service violation for DraftKings and that it’s somehow hypocritical to do this.
This is insanity.
This industry doesn’t need less disclosure, it needs more disclosure and accountability.
Information providers like GuruElite, RotoGrinders, FantasyLabs, DailyRoto, and many, many more are information “brokers.” Much like Wall St. stock brokers and research houses, these info providers are providing valuable research and advice to their “clients.” There is a reasonable expectation given the quid pro quo relationship that customers will act on this advice.
If anything, there needs to be MORE accountabilty, not less.
Information providers should be required to have their personal accounts audited by an independent 3rd party to prove that they are acting in concert with the advice they give. Their quarterly returns should be disclosed for all of their customers to see and decide if they still want to pay for the advice/research.
The idea that DraftKings would prohibit this kind of disclosure is madness and the reason they have stuggled so mightily on the regulatory front. If they have this attitude and think their legal issues are behind them, they are sorely mistaken.
Follow the lead of the financial markets.
Stop cherrypicking your results when you talk about them (looking at you TommyG).
Disclose your lineups and results, every day.
Let the market decide based on the quality of your services and the context of your returns whether to continue paying you.