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  • FantasyDraft_Rep

    FantasyDraft Rep

    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

  • jolokia

    I’ve never played on FantasyDraft, it reminds me of a (free, but to win cash) DFS site years ago where you’d play against a computer draft.

    Very cool move, I will be opening an account very soon!

  • breedloveboxer

    For those asking about pending withdrawals on Aces… my entire bankroll was two large pending withdrawals.

    When Aces announced they were being acquired by FantasyDraft, I inquired about my funds/balance, given I had 9.5k in pending withdrawals. I received my final account balance from customer support via e-mail, and my balance not only reflected my pending withdrawals, but also the two entries I cashed in the last tournament they hosted.

    So they should both be reflected as such for everyone else as well.

  • BIF

    I haven’t seen anyone ask yet so I will…..

    Did RG recover any of their lost Accounts Receivable from Aces ?? Is Fantasy Draft giving RG any Fantasy Cash ??

    Seen a lot of bitching by people on this site that RG helped in screwing them over by not seeing the Aces bankruptcy in advance. Now that all (most) people got made whole, what about RG ??

    The least you guys could do with your new found cash is buy some premium subscriptions to support RG who I’m sure is still out a big amount.

  • admn81

    Classy move fantasy draft! I just created an account solely based upon this. It is very impressive imo that you guys are stepping up to the plate like this and ACTUALLY helping those affected and I sincerely hope you guys gain a significant amount of business as a result of this!

    I know dk has helped bail out players in the past, but fanduel(looking at you) what have you guys ever done to help the players out?? I can recall when the twolves game in Mexico city got cancelled due to a fire in the arena so all players received a 0 essentially killing people’s lineups…several of your competitors offered a free roll as a result of this and fd did nothing. Events like the one fantasy draft just made, make it crystal clear who has their priorities where they should be and which companies actually appreciate the people providing them with their ability to operate. Anyway sorry to side track from the awesome gesture fantasy draft just made!

  • joephoto

    Tried a lot of sites, luckily not Aces.
    I signed up for Fantasy Draft in the fall and have loved it.
    Have always received great customer service.

    Fantasy Draft and DK is all I will ever use (I like having 2).

  • wolfjb1

    @BIF said...

    The least you guys could do with your new found cash is buy some premium subscriptions to support RG who I’m sure is still out a big amount.

    Uh, it’s not our “new found cash.”

    It’s our money that someone stole.

  • Cpjttogether

    Thats awesome! I upset a few important people in chat on a fantasy draft sponsored show when i made a joke about fantasy aces not paying. The point of my joke was to point out the risk of endorsing a new dfs company. But this move by fantasy draft shows balls and that they understand and care about retaining players. Great job fantasy draft and rg,much appreciated.

  • ohiostate241

    • 2014 FAFC Finalist

      FAFC Finalist
    • 2015 FAWBC Finalist

      FAWBC Finalist

    Does anyone know the time frame on how long court approval takes? Just trying to see if this is days/weeks/months?

  • golferdude31

    • 115

      RG Overall Ranking

      RG Overall Ranking
    • Ranked #9

      RG Tiered Ranking

      RG Tiered Ranking
    • 2016 King of Summer Champion

      King of Summer Champion

    Excellent move by Fantasy Draft. I’ve always thought Fantasy Draft has been the best overall fantasy site when it comes to running good promotions and taking care of players. If they just added the csv upload feature, they’d be far and away the best! That being said, they definitely stepped in and helped out the fantasy industry in a big way with this. Thank you!

  • FantasyDraft_Rep

    FantasyDraft Rep

    @golferdude31 said...

    Excellent move by Fantasy Draft. I’ve always thought Fantasy Draft has been the best overall fantasy site when it comes to running good promotions and taking care of players. If they just added the csv upload feature, they’d be far and away the best! That being said, they definitely stepped in and helped out the fantasy industry in a big way with this. Thank you!

    We do have CSV upload and have for a few months now. Go to your My Lineups page and select Upload Lineups.

  • wolfjb1

    Hey FantasyDraft_Rep, any updates on the expected timing?

  • elfyhead

    I had about $1300 in Fantasy Aces, and am ecstatic that Fantasy Draft is going to pick this up. I went over this morning and started up an account on Fantasy Draft, but oddly my first deposit still isn’t showing up. I assume it’ll get taken care of though. Anyway, very nice move, Fantasy Draft, and you’ll have part of my business going forward!

  • elfyhead

    Somebody further up in the thread said that it’d be days if it gets expedited by the courts, weeks if it doesn’t. Maybe FantasyDraft_Rep can give more details though…

    ETA: gah – forumfail – just hit Reply instead of Quote! This was in response to ohiostate241’s comment above…

  • FantasyDraft_Rep

    FantasyDraft Rep

    @elfyhead said...

    I had about $1300 in Fantasy Aces, and am ecstatic that Fantasy Draft is going to pick this up. I went over this morning and started up an account on Fantasy Draft, but oddly my first deposit still isn’t showing up. I assume it’ll get taken care of though. Anyway, very nice move, Fantasy Draft, and you’ll have part of my business going forward!

    Your deposit is showing, sometimes the PayPal confirmation is delayed on their end.

    We are working to get more detail on timing but don’t have anything to report yet.

    Thanks for playing!

  • BRORANNOSAURUS_FLEX

    • 141

      RG Overall Ranking

      RG Overall Ranking
    • Ranked #93

      RG Tiered Ranking

      RG Tiered Ranking
    • 2016 DraftKings FFWC Finalist

      DraftKings FFWC Finalist

    I didn’t have anything in Aces but I’m seriously contemplating depositing some money on Fantasy Draft now. Kudos to them!

  • FantasyDraft_Rep

    FantasyDraft Rep

    I know everyone is anxious to hear an update on timing. We were told the trustee is filing documents today, some of which are designed to expedite the process. They estimate that it could be be finalized, upon court approval, by the end of next week but again that is an estimate. We are doing everything we can, which isn’t a whole lot, to help speed the process. I will continue to update everyone as information becomes available.
    Thanks for your patience,
    Steve

  • dchapell

    Wow. Wow. Wow. Steve, that is classy as hell. I haven’t had much in my FDraft account for a while, but I’m putting some in there today. Class. You have my business.

  • ohiostate241

    • 2014 FAFC Finalist

      FAFC Finalist
    • 2015 FAWBC Finalist

      FAWBC Finalist
    @FantasyDraft_Rep said...

    I know everyone is anxious to hear an update on timing. We were told the trustee is filing documents today, some of which are designed to expedite the process. They estimate that it could be be finalized, upon court approval, by the end of next week but again that is an estimate. We are doing everything we can, which isn’t a whole lot, to help speed the process. I will continue to update everyone as information becomes available.
    Thanks for your patience,
    Steve

    Thanks for the insight Steve. Also excited to see the live golf final.

  • wquine

    FantasyDraft has one of the better GUI and lineup strategy anyway. Good promos too!

  • firemedicpat

    @ohiostate241 said...

    Does anyone know the time frame on how long court approval takes? Just trying to see if this is days/weeks/months?

    I remember when Phenom went under and took a million or more. I had won over 1k in a league. It took well over a year for anything to happens and when it was all said and done it was “sorry for your loss, they have no money,” and that was that.

    KUDOS to FantasyDraft for sure!

  • MHDU2424

    I never played on Fantasy Aces or any of the smaller sites but I’ll now give Fantasy Draft a shot

    Awesome job by them to step up….congrats to those bailed out

  • pabloplyr

    what if i can’t log in to aces to see if i had $$$ or not. I havent been able to log in for a month plus. And what about the monthly bonuses and win bonuses accumulated thru aces. From when I started playing. I would like more clarity on this if possible. Thank you FD for proving that DFS cares about its players.

  • Ryanoss

    • 2015 DraftKings FHWC Finalist

      DraftKings FHWC Finalist

    Aces monthly won bonus was stopped a few months before this came to light. They “paid” those into the accounts when they stopped offering it.
    I doubt any aces points or whatever they’re called will be part of this but I’m happy with anything at this point.

  • That_Veronica_Vaughn

    Hey guys I’m looking for some advice. I am NOT trying to gloat at all, just really need advice. I was a player on FantasyAces and I had really good success. I had about 40k in my account so when they went bankrupt I was beyond screwed. Can someone please offer advice with what I should do? I am young and was going to use the funds to help put a down payment on a house and give my fiance a great honeymoon later this year. ANY advice would be awesome. Thanks everyone!

  • Cpjttogether

    40 grand geeze. for forty grand my advice would be to hire sicarios to find them.

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