INDUSTRY FORUM

  • Cameron

    RG Co-Founder

    • 2014 FanDuel NFL Survivor Champion

    • 2016 RG Season Long Champion: NFL

    Update: This thread was written before the NY Attorney general sent cease and desist in NY letters to Fanduel and DraftKings.

    ———————————————————————

    Subsequent Updates

    Statement from DraftKings

    Statement from FanDuel

    ———————————————————————

    Following post made before NY news broke

    Hey Grinders,

    The battle to keep DFS fully legal is still going on in some states, and obviously New York is an important one. Attorney General Eric Schneiderman is considering preventing New Yorkers from playing daily fantasy sports. There are over 500,000 daily fantasy players in the state of New York and AG Schneiderman would like to put in place restrictive measures that prevent your ability to play. It’s time for our community to come together and stand up against these unreasonable efforts.

    If you live in New York, you can help now. Make sure AG Eric Schneiderman hears from you. Tell him you support daily fantasy sports for all in New York state. Daily fantasy sports is fun, entertaining and a game of skill. NY has bigger challenges than fantasy football.

    Please contact the Attorney General Eric Schneiderman via phone, email, etc. at the details below, and visit this URL to petition

    Sign the Online Petition to New York Attorney General

    Other NY Contacts:

    GOV. ANDREW CUOMO
    District: NY
    Phone:(518) 474-8390
    Fax:(518) 474-1513

    ERIC SCHNEIDERMAN
    Email:Eric.Schneiderman@ag.ny.gov

    Twitter Handles

    NY A.G. – at AGSchneiderman
    NY Governor – at NYGovCuomo

  • shadowmoses

    @QQSTUKIE said...

    Payment Processor DEMANDS DFS sites pull out of New York: http://www.legalsportsreport.com/6130/payment-processors-tell-dfs-sites-exit-ny/

    Don’t matter what the sites do now, Paypal will be next.

    Yup, this is the final nail in the coffin. God knows how long this appeal process will take even if the decision is eventually overturned (which I doubt it will be due to pressure from the state).

    By the way, does anyone expect this to be a Black Friday sort of ordeal? Should us NYS residents be withdrawing our funds immediately? Since the two situations are dissimilar in many ways I would imagine withdrawing shouldn’t be an issue here. I ask because it seems as though DK is still accepting entries into tonight’s games, and I would love one final hurrah after AD and KD killed me last night.

  • n1ck111

    @hpharri1994 said...

    Of course a single entry millionaire maker wouldn’t meet the guarantee, but that isn’t the point. A weekly millionaire maker is part of the reason we got to this point. When you allow for massive multi entry like that it creates the perception of a predatory environment. It also turns a lot of new players off. It is one of the many examples of the greed and instant gratification mentality that is responsible for the mess we are in today. Allowing these massive multi entries is good for the bottom line today, but it most certainly isn’t good for the long term health of the industry.

    So creating a game that people obviously want because the game is filling is wrong of these sites? Most likely these big tournaments are what is bringing new players in. If people don’t like it they don’t have to play in it. Enough people agree and then the sites will meet demand and create a different contest that the players will fill. That’s the companies intention. They want players and they want their contests to fill. They are looking to meet the needs of their players so they can grow.

    People who feel like they are victims in this situation are going to feel like they are victims no matter what. It’s always going to be something out of their control that is the reason for their lack of success.

  • habes1289

    @n1ck111 said...

    So creating a game that people obviously want because the game is filling is wrong of these sites? Most likely these big tournaments are what is bringing new players in. If people don’t like it they don’t have to play in it. Enough people agree and then the sites will meet demand and create a different contest that the players will fill. That’s the companies intention. They want players and they want their contests to fill. They are looking to meet the needs of their players so they can grow.

    People who feel like they are victims in this situation are going to feel like they are victims no matter what. It’s always going to be something out of their control that is the reason for their lack of success.

    Slower growth could have led to longer term sustainability, but we’ll never really know at this point. So no point thinking about coulda woulda shoulda.

  • fjrsuper70

    That’s it right there – I have no problem limiting the entries.

  • stevster77

    I just e-mailed them and I’ll see what they say. I think it’s maybe because they couldn’t confirm my account or something. I’m also not sure why they couldn’t confirm it though, I put in all my correct information and I’m older than 21.

  • phillygamecox

    @QQSTUKIE said...

    Payment Processor DEMANDS DFS sites pull out of New York: http://www.legalsportsreport.com/6130/payment-processors-tell-dfs-sites-exit-ny/

    Don’t matter what the sites do now, Paypal will be next.

    I mentioned this on the initial DK leak thread and people told me there was no way this was happening because of the money involved.
    https://rotogrinders.com/threads/draftkings-ownership-leak-850584?page=90#reply-870644

    THIS could be the real downfall to this entire thing. If sites can’t take payments or process withdrawals, it doesn’t matter anything what the AG office does.

  • QQSTUKIE

    @shadowmoses said...

    Should us NYS residents be withdrawing our funds immediately?

    Via paper check ya? Only way to get your funds now ;)

  • bbqnut

    At least for the short term, I don’t see how FD and DK can legally continue to operate in NY, especially now the their major payment processor is telling them to pull out. Perhaps they can find a sympathetic judge who will grant an injunction, but I don’t know if that would convince the payment processor to stay on board. I think these guys were totally unprepared for this.

  • healeymr

    @Keytonic said...

    Oh and I’d love to see some feedback on the DFS conference that’s starting tomorrow. The AG should show up there and give his speech to the community instead of hiding.

    And if he does, will the DFS community listen or will they shout him down and be disruptive?

  • hpharri1994

    @n1ck111 said...

    So creating a game that people obviously want because the game is filling is wrong of these sites? Most likely these big tournaments are what is bringing new players in. If people don’t like it they don’t have to play in it. Enough people agree and then the sites will meet demand and create a different contest that the players will fill. That’s the companies intention. They want players and they want their contests to fill. They are looking to meet the needs of their players so they can grow.

    People who feel like they are victims in this situation are going to feel like they are victims no matter what. It’s always going to be something out of their control that is the reason for their lack of success.

    It isn’t about people feeling like victims. It is about the public perception of daily fantasy sports. When you have things like scripting, massive multi entry, employees playing within the industry, etc. it is far too easy for politicians and state legislatures to play the uneven playing field card.

    We are all viewing this as avid DFS players. We understand the industry. We are a very small percentage of the total population though. You have to view these things from the perspective of someone that doesn’t know much about DFS. There is a pretty common misconception out there that this is a shady industry. That is a huge problem when it comes to the future of DFS and things like MME play a part in that.

  • julieduke33

    Name me one company that doesn’t want to grow rapidly and make a ton of money…you can’t can you? The whole point of starting a company is to grow it and make a ton of money…what company’s motto is “I want to have very little growth and lose money year in and year out”..it’s easy to have nothing at stake and say these companies should not have grown as fast and got greedy…most of you if not all would have done same thing if it was your company..

  • julieduke33

    @stevster77 said...

    I just e-mailed them and I’ll see what they say. I think it’s maybe because they couldn’t confirm my account or something. I’m also not sure why they couldn’t confirm it though, I put in all my correct information and I’m older than 21.

    I live in Illinois and had to confirm my account a week and a half ago before I could withdrawal…filled out form and WD went thru smooth as ever..

  • dxfiler

    I love DFS, but I have no sympathy for DK/FD. They brought this on themselves. Even if they manage to survive Schneiderman’s attack (and I don’t think they will), they are staring down the barrel of Preet Bharara’s loaded gun with his Federal probe.

    As many others have pointed out, they should’ve seen this coming years ago and quietly looked for ways to work with key States to ensure it would remain legal (I.E. give them a cut) even if a ‘scandal’ broke. They didn’t do that and and ignored putting into place common sense policies before the ‘scandal’ broke.

    Now they are issuing god-awful press releases and begging players to help them. The same players they didn’t look out for before their business was under attack. I just don’t feel bad for DK/FD. If DFS remains legal, great. If not, oh well they killed the golden goose.

  • Gotembaseball

    IPO Boom, Housing Market, Poker & DFS.

    Greed is real and greed kills markets. We all want DFS to survive but we can not find even the most basic common ground to stand on as a community. The reality is DFS need to change in order to remain legal. We can sit and discuss the who’s the what’s and the why’s at a different time but we are in this spot because of the greed of the sites, the greed of the players and a me before we approach.

    I honestly believe DFS is here to stay but it will be something much different than what it is today and that is fine. We dont need sites to give away 100K to one person everyday of the week. We don’t need to create millionaires. What we need is to prove this is a game of skill and make sure the states get their piece in the form of tax revenue.

  • shadowmoses

    @phillygamecox said...

    I mentioned this on the initial DK leak thread and people told me there was no way this was happening because of the money involved.
    https://rotogrinders.com/threads/draftkings-ownership-leak-850584?page=90#reply-870644

    THIS could be the real downfall to this entire thing. If sites can’t take payments or process withdrawals, it doesn’t matter anything what the AG office does.

    It will be without a doubt. Their hands are completely tied here. Anyone thinking otherwise is completely delusional. The only question now is when will these sites actually pull the plug? My hope is that those of us who entered into tonight’s games will be allowed to play, after which point everything will go down. My guess is that the sites are currently exhausting the limited (and futile) options they have left.

  • mellofellowsu

    @QQSTUKIE said...

    Via paper check ya? Only way to get your funds now ;)

    You happy about this?

  • hpharri1994

    @julieduke33 said...

    Name me one company that doesn’t want to grow rapidly and make a ton of money…you can’t can you? The whole point of starting a company is to grow it and make a ton of money…what company’s motto is “I want to have very little growth and lose money year in and year out”

    Of course they all want that. You have to be smart about how you get there though. These sites bombarded everyone with annoying commercials and then weren’t prepared for the increased scrutiny that was guaranteed to come. It’s baffling. A new industry that is growing quickly is going to be subject to regulation. The fact that the sites were so unprepared is shocking.

  • QQSTUKIE

    @mellofellowsu said...

    You happy about this?

    Was a wink, not a happy face SU

  • julieduke33

    @shadowmoses said...

    It will be without a doubt. Their hands are completely tied here. Anyone thinking otherwise is completely delusional. The only question now is when will these sites actually pull the plug? My hope is that those of us who entered into tonight’s games will be allowed to play, after which point everything will go down. My guess is that the sites are currently exhausting the limited (and futile) options they have left.

    Didn’t it say can’t accept payments from New York users only? I could be wrong but that’s what I thought…

  • whothis

    Hey FD and DK, hire the best lawyers, get all 500,000 nys dfs players to sign or email or whatever you need for a petition. As one, not a single email from players but as one. Go on air, espn and the media outlets, defend your business and the rights of your customers. Just like what the AG is doing, he has skeletons in his closet(look at previous link, quite a read) if your sites are truely on the up and up and have nothing to hide, do it.

  • n1ck111

    @hpharri1994 said...

    We are all viewing this as avid DFS players. We understand the industry. We are a very small percentage of the total population though. You have to view these things from the perspective of someone that doesn’t know much about DFS. There is a pretty common misconception out there that this is a shady industry. That is a huge problem when it comes to the future of DFS and things like MME play a part in that.

    I don’t think we all here are coming from that viewpoint. A lot here are the ones saying that there is something wrong and that multi-entry and scripting is unfair and therefore it’s rigged and we need the government to step in and help us.

  • shadowmoses

    @hpharri1994 said...

    It isn’t about people feeling like victims. It is about the public perception of daily fantasy sports. When you have things like scripting, massive multi entry, employees playing within the industry, etc. it is far too easy for politicians and state legislatures to play the uneven playing field card.

    We are all viewing this as avid DFS players. We understand the industry. We are a very small percentage of the total population though. You have to view these things from the perspective of someone that doesn’t know much about DFS. There is a pretty common misconception out there that this is a shady industry. That is a huge problem when it comes to the future of DFS and things like MME play a part in that.

    Everything you’ve said may be true, but also ignores one key fact: this outcome was inevitable from the start. The only thing these issues collectively accomplished was speed up the process by perhaps a few years. More importantly, even IF the industry took steps to address some of those concerns, it was only ever going to take a single scandal to get things moving down this path. That’s the way things work in today’s society thanks to sensationalism of the media. I don’t see how these issues are even worth discussing when an outcome like this couldn’t be entirely avoided.

  • y2mulder

    @hpharri1994 said...

    Of course they all want that. You have to be smart about how you get there though. These sites bombarded everyone with annoying commercials and then weren’t prepared for the increased scrutiny that was guaranteed to come. It’s baffling. A new industry that is growing quickly is going to be subject to regulation. The fact that the sites were so unprepared is shocking.

    They are STILL unprepared. 24 hours later, players swinging in the wind, and all we have is a presser from them saying “BOOOOOOO. THIS GUY SUX

  • julieduke33

    @hpharri1994 said...

    Of course they all want that. You have to be smart about how you get there though. These sites bombarded everyone with annoying commercials and then weren’t prepared for the increased scrutiny that was guaranteed to come. It’s baffling. A new industry that is growing quickly is going to be subject to regulation. The fact that the sites were so unprepared is shocking.

    I agree they didn’t handle it well but it’s easy to sit on the sidelines when you have no risk and criticize(not referring to you)… I’m sure their investors were pushing for this as well….we all know you can’t piss off your investors or they will just take their cash and say bye bye

  • petesdynasty

    Yeah it’s time to lawyer up and take this to the courts.

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