INDUSTRY FORUM

Grinders,
As members of the DFS community committed to doing things the right way, we feel that we need to do our part to protect the lifeblood of the industry, you the players. So, we have decided to get involved. Today we have entered into an agreement with the FantasyAces bankruptcy trustee to obtain player account and balance information in order to help reimbursing missing player funds.

Through this agreement, we have committed to reimburse Fantasy Aces players up to $1,000 cash to cover missing account balances, this makes 99.6% of the players whole. In addition, to help those with larger balances we are also going to offer the following:

• Players with a Fantasy Aces cash account balance between $1,000 – $5,000:
  • We will provide $1,000 Cash + Remaining balance in FantasyCash up to $4,000 ($5,000 total)
• Players with a Fantasy Aces cash balance >$5,000:
  • We will provide $1,000 Cash + $4,000 FantasyCash + a Pending Bonus for the remainder of your balance
  • Pending Bonus is earned at a rate of 4% for each $1 in entry fees paid in USD, and is paid as FantasyCash

Upon court approval, we will provide additional detail on how you can claim your funds on FantasyDraft.

I want to reiterate that FantasyDraft is committed to being a responsible citizen of the DFS community. That means we do things the right way, and your funds will ALWAYS be segregated and protected. We are licensed or registered in all states that have passed DFS regulation and are compliant in each. When we say that We Put Players First, we mean it.

Steve Krombolz
CEO & Co-Founder

That’s awesome and such a great move by Fantasy Draft!

PS care to buy back my stock in Aces? It’s not much. I’ll promptly give it back to the site :)

This is huge. Major thanks to Steve Krombolz, CFO Tim Weisbrod, and financial backer Robert Stevanovski for working this deal through the bankruptcy court.

For those with over $1,000 in your accounts, Fantasy Cash is not quite real cash, but it’s pretty damn close. You have to play through it one time and then you can cash it out. Hopefully you like what you see on FantasyDraft and continue playing. They understand your hesitancy with keeping a balance on any site after the Aces debacle so we’re discussing ways to be more transparent to the community with player funds. You not only need reimbursement, you also need ongoing reassurance.

My understanding is that this deal now becomes public and that other parties can try to outbid it. If the bankruptcy judge expedites it you may be able to access your reimbursement on FantasyDraft in a week. If it’s not expedited it could take a few weeks.

Once again, huge props to FantasyDraft.

I’ll be looking forward to getting my $1 back. Thanks!

Wow, incredible news! I’ll be repping my FantasyDraft T-shirt with pride tomorrow, and will absolutely be increasing my action on the site going forward. Thank you!

All I can say is WOW!!! So incredible for FANTASY DRAFT to make this move. Just Amazing!!!

I will look forward to playing a lot more volume on Fantasy Draft

Hell yeah

Tremendous news! Kudos to the Fantasy Draft team. Here’s to hoping this pays off huge for your organization.

Woooo Hoooo! Thank you Fantasy Draft!!!!

Don’t play on either site, but that is a big time move by Fantasy Draft.

Wow. That’s huge for the players. I think Fantasy Draft earned some of my business with this move

If you truly put all players first you’d repay the funds of the guys over $1000.

Those are the biggest victims of industry fraud, and that should be a drop in the bucket.

Literally every single player is better off because of this…..

As someone with a larger balance, I almost wrote DK asking about a huge roll over on account balance, but figured it wasn’t in their best interest to bail out smaller site customers. So, obviously I think this is a great deal. Very cool guys.

Some people can ALWAYS find something to bitch about.. Guarantee you the guys w/ large balances are thrilled about this too.

Very proud right now to play on Fantasy Draft and host the Fantasy Draft Happy Hour twice a week. Well done Steve and the rest of the Fantasy Draft team.

Definitely didn’t expect this, but hope everything works out well for Fantasy Draft, and nice to see FantasyDraft step up. Too bad no one from Aces had a little bit of this decency.

If this goes through FantasyDraft will have earned my business!

What a great move by Fantasy Draft. I haven’t played much on your site but showing that you care I intend to play more on your site.

Such a classy move by Fantasy Draft that I may have to deposit.

Pretty amazing for all of the people who had $ on Aces.

DK loyal but Fantasy Draft just earned a deposit from me with such a classy move…Thanks for speeding up the healing process of a black-eye to our DFS community!

I love you, Fantasy Draft.

Agreed. Hoping this goes through, and thank you FantasyDraft!