INDUSTRY FORUM

  • dayman

    So I originally put in a withdrawal request on the 28th of January. I then got an email from them on February 2nd that I needed to submit a W9 and that my withdrawal wouldn’t be processed until I did. I emailed them the W9 on the 5th (and received a 1099 in the mail from them two days ago).

    My withdrawal still hasn’t gone through. I emailed them on the 12th, and contacted them through the website yesterday, both with no response… Anyone else having issues with them?

    3/10/16 UPDATE: DraftKings strikes a deal to cover all unpaid FantasyHub balances and liabilities. Read more from David Purdum on ESPN!

    DraftKings Co-Founder Matt Kalish’s Statement: “This is not an acquisition deal or an asset purchase deal. This is a very simple deal, where we’re assigning two liabilities from [FantasyHub] over to DraftKings in an effort to do the right thing for their player base, which has a nearly 80 percent overlap with our own. We never want to see our player base go through an experience that’s negative like this. What happened here was reprehensible. It is a breach of trust for these players and we share a lot of these players with them. We just didn’t think it was the right thing to do to sit on the sideline and let that happen. We had the ability to step up and do something.”

  • srolleDFS

    @MrFantasy said...

    I’m surprised charities are so willing to give out information regarding donors. I had assumed donors had confidentiality but I guess not.

    either way, non-donors dont have any confidentiality.

  • sabresrock29

    If they did scam the charity process, not only is that absolutely messed up from a moral stand point but couldn’t that be considered breaking the false advertising law? From google search “A business may not make false, misleading, deceptive claims about a product.”

  • wosleep

    I checked just this morning and they were still accepting deposits. I’m going to try to keep it nice and civil right now but any of you who are asking people to give these guys the benefit of the doubt or not wish prison etc. upon them should get your head out of your…. I said civil… Accepting deposits while not processing withdrawals is disgusting regardless of anything else…
    Not to mention the charity aspect of this SCAM
    I could go on and on here with the wrongs they have done to people like me but I will keep it somewhat brief…
    Bottom line for FH and the “wonderful gentlemen” who ran it is (and I don’t like to wish harm on anyone), but to be honest, I hope there are consequences for your irresponsibility. My teenage son has been battling cancer for over three years now and so my charity of choice was St. Jude. There can be NO EXCUSE for defrauding ANYONE under the premise of charity and such as this whole FIASCO!!
    Some people mention the smaller sites bailing out FH (what does that stand for now (f—-ed hard??).
    That is ridiculous because the small sites don’t have the funds for that. Now on the other hand people who are in the industry and DO have the funds to bail this out will have to think long and hard (no pun intended to previous comment) before choosing to turn a blind eye because this whole industry is on thin ice already and the LAST thing anyone, who stakes their livelihood on this industry wants is another black eye and more legislation, gov’t intervention, etc.
    Steve, Chris, and etc., at Fantasy Hub don’t ever try to claim ignorance or ineptitude because you knew damn well that these charities weren’t getting paid still you went on accepting deposits even on the day you shut down operations.

  • Ryazan

    • x3

      2015 FanDuel WFFC Finalist

    • x2

      2015 FanDuel WFBC Finalist

    @biggiesmails72 said...

    Withdrawing all my money from sites not named Draftkings or Fanduel

    post of the year!

  • RikkiDee

    • Ranked #5

      RG Tiered Ranking

    Had about $9k on there. Good times.

    Also am not surprised regarding the likely charity fraud. I had about $2500 “donated” for the boys and girls club but when I asked about receipts they were never able to provide me with anything.

  • stalkers1770

    It would probably be worth it for Fanduel and DK to come together to bail FH out and payback the charities and players quickly. The DFS industry is already on rocky grounds and if this story goes mainstream it could be the end of DFS. The DAs that want DFS illegal will eat this up and the public perspective of DFS will only get worse.

  • Myballzachertz

    You had 9k as in still tied up on “Fantasy Schlub”

  • biggiesmails72

    @Ryazan said...

    post of the year!

    Cant tell if sarcasm since you are one interesting fellow… but its a shame. I loved the smaller sites like Fantasyhub, Victiv, Fantasydraft, even Feud and Aces. They were easier to win on from my experience and each had great customer support. FH gave no sign of this happening and even though I dont suspect that the other sites will have this happen to them, I still dont want to take that chance.

    FH always had a sketchy business model to me. They took PLAYERS WINNINGS and gave to charity. Other than that they operated just like any other site. YOU were doing a good thing playing there, they were just starting up a unique model to get more customers like FantasyUp did with their no rake games.

  • spartyhoff

    So many of us first joined the site for their March Madness contests just under a year ago. To this day, I’m still waiting for my Lolo Jones prizes! A shame i never got my month supply of red bull, I always put that blame on her, but maybe FantasyHub are the ones who screwed me over! Really, I always knew it was a startup site and there were risks involved. I was happy with the site overall and made a very nice profit and made my withdrawals anytime after a big win. I truly hope that everyone get’s what is owed, especially any outstanding charitable donations. I am really disappointed now that i won’t get my FantasyHub Jersey! Now on to bigger and better things! Good luck everyone!

  • ryan52

    @stalkers1770 said...

    It would probably be worth it for Fanduel and DK to come together to bail FH out and payback the charities and players quickly. The DFS industry is already on rocky grounds and if this story goes mainstream it could be the end of DFS. The DAs that want DFS illegal will eat this up and the public perspective of DFS will only get worse.

    never thought about a dk or fd bailout but that does make sense. fantasy hub and the other one that went down not too long ago are whats going to make dfs illegal

  • JdotBrone

    Anybody else tempted to point John Oliver toward this situation? (I know theres enough gold on this thread alone to carry an entire episode)

  • stoptheinsanity

    @ryan52 said...

    never thought about a dk or fd bailout but that does make sense. fantasy hub and the other one that went down not too long ago are whats going to make dfs illegal

    FD and DK should absolutely not be held responsible for everybody else’s problems. That is absurd. That is like going to Jack in the Box and getting food poisoning and expecting McDonald’s to take care of it for you. There are scam artists all over the place. It is not a DFS thing. If FD and DK did start bailing out all the screw ups then they would be affiliated with them. That would be a terrible idea. Not to mention about 10 new sites would pop up tomorrow to steal money. Then wait for DK and FD to take care of it.

  • joephoto

    And we are paying for his lawyers I’ll bet.

  • Rockstate15

    Response back from my charity, Michael J Fox Foundation. Father in Law has Parkinson’s.

    “Dear Friend,

    I did not see any donation from FantasyHub. However, their check may have a different name listed. I have sent an email to FantasyHub support to inquire about a donation for us. I am still waiting for a reply back from them. Once they do reply back, I will let you know whether we received the donation or not.

    Sincerely,

    Alan Lee
    Donor Services Officer”

  • akarkennny

    yeah sorry to all the DFS players out there but I think this along with many others confirm that DK and FD will have to be heavily regulated moving forward… which yes means probably a higher rake which is sad

  • Ryazan

    • x3

      2015 FanDuel WFFC Finalist

    • x2

      2015 FanDuel WFBC Finalist

    @biggiesmails72 said...

    Cant tell if sarcasm since you are one interesting fellow… but its a shame. I loved the smaller sites like Fantasyhub, Victiv, Fantasydraft, even Feud and Aces. They were easier to win on from my experience and each had great customer support. FH gave no sign of this happening and even though I dont suspect that the other sites will have this happen to them, I still dont want to take that chance.

    FH always had a sketchy business model to me. They took PLAYERS WINNINGS and gave to charity. Other than that they operated just like any other site. YOU were doing a good thing playing there, they were just starting up a unique model to get more customers like FantasyUp did with their no rake games.

    no sarcasm. I’ve said many times to play just on the big 2. Some of those got deleted by RG mods. I applaud you saying what you said, hence post of the year had some truth in it.

    I keep saying it over and over, for months – if a site is giving free stuff away all the time, that means they aren’t making money. So I want people to think about that next time they complain about rake.

    The #1 reason that small sites cannot succeed overall economically is because their user-base vs FD/DK user-base is laughable. I mean it’s not funny, but it’s just a net loss for bookkeeping, and the only reason these small sites still exist is due to borrowed money. They aren’t actually MAKING MONEY. I have no doubt that FantasyAces is good, they have live finals and are a very solid 3rd option (i’ve never played there btw). But anything beyond that – it’s sites clinging on to borrowed funds in hopes of succeeding. Those hopes are slim though, because FD/DK/Aces has the market to the point where another site can’t operate and actually make money.

    The best thing people can hope for is that these other sites are keeping player funds separate from operational costs. because in FantasyHub’s case, they took player’s money to try and rescue them, and it didn’t work. It’s not illegal, but it is certainly EXACTLY what no player wants to hear, and I am 100% certain that most smart players will stick to the big sites going forward.

  • DefinitelyMiami

    @spartyhoff said...

    So many of us first joined the site for their March Madness contests just under a year ago. To this day, I’m still waiting for my Lolo Jones prizes! A shame i never got my month supply of red bull, I always put that blame on her, but maybe FantasyHub are the ones who screwed me over! Really, I always knew was a startup site and there were risks involved. I was happy with the site overall and made a very nice profit and made my withdrawals anytime after a big win. I truly hope that everyone get’s what is owed, especially any outstanding charitable donations. I am really disappointed now that i won’t get my FantasyHub Jersey! Now on to bigger and better things! Good luck everyone!

    Same. Those March Madness contests were fun. Hopefully the donations get made

  • Ryazan

    • x3

      2015 FanDuel WFFC Finalist

    • x2

      2015 FanDuel WFBC Finalist

    by the way, keeping money for operating costs instead of giving to charities as promised, is just a total asshole move in general. If it’s true, the people running FantasyHub don’t deserve freedom in America, they deserve to go to prison. Sorry Tvsfrink for saying that, but that’s a logical fact

  • RW

    just made ESPN

  • bjschram

    @stalkers1770 said...

    It would probably be worth it for Fanduel and DK to come together to bail FH out and payback the charities and players quickly. The DFS industry is already on rocky grounds and if this story goes mainstream it could be the end of DFS. The DAs that want DFS illegal will eat this up and the public perspective of DFS will only get worse.

    This. Any media would love to report a story on a daily fantasy sports website collecting money for charity and not donating any of it. Pretty much the scummiest thing you can do.

    And I don’t understand why ANY business would want to buy out fantasyhub at this point unless it is to save face and protect the industry from a huge black eye. Not saying that DK or FD are responsible for FH’s screw up, but it sure isnt going to make it any easier for them.

  • gavlam

    all 3 have big noses…have fun in jail boys

  • akarkennny

    http://espn.go.com/chalk/story/_/id/14807947/daily-fantasy-dfs-site-fantasyhubcom-closes-leaving-players-hanging

  • ryan52

    @stoptheinsanity said...

    FD and DK should absolutely not be held responsible for everybody else’s problems. That is absurd. That is like going to Jack in the Box and getting food poisoning and expecting McDonald’s to take care of it for you. There are scam artists all over the place. It is not a DFS thing. If FD and DK did start bailing out all the screw ups then they would be affiliated with them. That would be a terrible idea. Not to mention about 10 new sites would pop up tomorrow to steal money. Then wait for DK and FD to take care of it.

    no, its not a dfs thing but with states wanting to call it illegal gambling stuff like this doesnt help dk and fd at all. maybe bailouts arent the answer but these small sites losing their shirts is not what the big sites want to see

  • Ryazan

    • x3

      2015 FanDuel WFFC Finalist

    • x2

      2015 FanDuel WFBC Finalist

    you know how NStar and National grid have an oligopoly over Electric services? FD and DK will have the same over DFS. Smaller sites that lose money and defraud people will be gone once regulations kick in. No one deserves to have their money stolen in the fashion that these smaller sites are doing for people with promises of free shyt, rake-free contests, bonuses, and hell knows what else

  • bobbyschmurda

    Well, Steve appears to be working 24/7 on it….

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