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.”

  • LSRDustin

    @Rockstate15 said...

    Looks like FanPicks taking a page straight out of Plappert’s book.

    https://rotogrinders.com/threads/super-bowl-pick-em-paypal-returns-on-fantasyhub-1146121?page=1

    I won’t sit here and stake my reputation on FanPicks being above board. Just relating what I heard today. I just have more of a reason to give the benefit of the doubt to FanPicks — since they actually talked to me — than I was of FU and FH. You can make your own conclusions with this information.

  • Jcb890

    Not sure of what is going on with FanPicks, but when I withdrew a few weeks back, I was hit with a PayPal fee and FanPicks basically told me that I was SOL with the fees, that they did not have a check withdrawal option at the time and that everyone would need to pay their own PayPal fees upon withdrawing.

  • rpolzin25

    @Jcb890 said...

    Not sure of what is going on with FanPicks, but when I withdrew a few weeks back, I was hit with a PayPal fee and FanPicks basically told me that I was SOL with the fees, that they did not have a check withdrawal option at the time and that everyone would need to pay their own PayPal fees upon withdrawing.

    I withdrew from fanpicks back in November and took the paypal fee hit then too. I haven’t desposited a dime on that site (won w/ their promo that makes you play 20x but then limits how much you can actually win) and I still don’t know how much I trust them. W/ FU and now FH I really am leary about depositing on any site not named DK, FD, or Fantasy Aces (don’t play on Aces much though).

  • tvsfrink

    @DKMaestro said...

    Lost money there as well, but I definitely do not agree with this. Some angry customer showing up at the door and frightening possibly spouses and kids, is just stupid.
    What do you imagine saying to Steven, when you show at his door? “Dude pay me my money, or else?”. What if his wife and kids are there?

    Just please calm down. We are all upset, and I wouldn’t shed a tear, if jail time is given these guys. But – if anyone showed up to scare me or my wife and little girl, you better believe it now is about a whole lot more than you loosing some money.

    Careful, I tried to express this two weeks ago and I’m now public enemy number one here.

  • tjabchs6

    @DKMaestro said...

    Lost money there as well, but I definitely do not agree with this. Some angry customer showing up at the door and frightening possibly spouses and kids, is just stupid.
    What do you imagine saying to Steven, when you show at his door? “Dude pay me my money, or else?”. What if his wife and kids are there?

    Just please calm down. We are all upset, and I wouldn’t shed a tear, if jail time is given these guys. But – if anyone showed up to scare me or my wife and little girl, you better believe it now is about a whole lot more than you loosing some money.

    You gotta keep in mind that, theoretically, there could have been people that entirely depended on FH for their income. It would obviously be stupid to keep your entire bankroll in your FH player account, but FantasyHub gave full indication that it would remain safe and available for withdrawal.

    How can you expect someone in that situation NOT to show up at their door?

    Obviously this situation doesn’t apply to 99% of the players (probably even 100%), but they flat out stole money man. The only thing that makes me think twice is that people get screwed in the business world like this and in similar messed up ways too.

  • madmanjayWV

    So there has been zero new statements from anyone at Fantasy Hub? NOT even about this 3rd PARTY BAIL OUT?

    This just grinds on and on and on…..No clue how, if, or when this is going to end and finish up, but I would like to add the following — My takeaway is still — people in charge (GOVT) just don’t really understand DFS whatsoever.

    I don’t normally work on Sunday’s, but I was in the office doing some follow-up wrestling stories for our Monday edition and none other than Mr. Patrick Morrisey, the W.Va. Attorney General, strolls into the newsroom early in the afternoon — only myself and a news-side guy was even in at the time.

    He was just popping in to say high and see what was going on. Of course, I took the time to talk with him for several minutes about DFS and our legislator, who is nearing a FULL 100% pass for DFS in the Mountain State.

    He said that under current W.Va. Law there is nothing illegal, but it still only passed the house like 18-16, which one of the people in the house wanted any DFS company to pay $250,000 (a one-time fee) just to be allowed to operate in W.Va., which has never been known as a business friendly state.

    We talked about that and he said we have enough problems trying 2 get business in. The overall takeaway was that the big shots do want some sort of way to try and make $$$ from DFS aside from players who profit $600+ and have to turn it in as INCOME.

    He invited me to call up his press guy if I wanted to talk in further details. I mentioned to him that I doubt very few people in W.Va. were screwed by FU and FH, but I explained to him what was going on with these sties and he didn’t seem to have any clue (not that I blame him for not having the pulse of DFS happenings) at his fingertips.

    He told me he was recently in Washington, D.C. and while there and even while at work in W.Va. a lot of the AG’s across the nation have been in discussions.

    I just told him situations like FU and FH shouldn’t be allowed to happen and consumers need some sort of protection. He also didn’t even realize YAHOO offered DFS!

    But, this FH stuff is unrelenting, still a soar eye for DFS and whatever is coming down the road in the future is going to take good people (NOT IN GOVT) to work through some solutions to make this industry the best it can be.

  • tjabchs6

    @madmanjayWV said...

    So there has been zero new statements from anyone at Fantasy Hub? NOT even about this 3rd PARTY BAIL OUT?

    This just grinds on and on and on…..No clue how, if, or when this is going to end and finish up, but I would like to add the following — My takeaway is still — people in charge (GOVT) just don’t really understand DFS whatsoever.

    I don’t normally work on Sunday’s, but I was in the office doing some follow-up wrestling stories for our Monday edition and none other than Mr. Patrick Morrisey, the W.Va. Attorney General, strolls into the newsroom early in the afternoon — only myself and a news-side guy was even in at the time.

    He was just popping in to say high and see what was going on. Of course, I took the time to talk with him for several minutes about DFS and our legislator, who is nearing a FULL 100% pass for DFS in the Mountain State.

    He said that under current W.Va. Law there is nothing illegal, but it still only passed the house like 18-16, which one of the people in the house wanted any DFS company to pay $250,000 (a one-time fee) just to be allowed to operate in W.Va., which has never been known as a business friendly state.

    We talked about that and he said we have enough problems trying 2 get business in. The overall takeaway was that the big shots do want some sort of way to try and make $$$ from DFS aside from players who profit $600+ and have to turn it in as INCOME.

    He invited me to call up his press guy if I wanted to talk in further details. I mentioned to him that I doubt very few people in W.Va. were screwed by FU and FH, but I explained to him what was going on with these sties and he didn’t seem to have any clue (not that I blame him for not having the pulse of DFS happenings) at his fingertips.

    He told me he was recently in Washington, D.C. and while there and even while at work in W.Va. a lot of the AG’s across the nation have been in discussions.

    I just told him situations like FU and FH shouldn’t be allowed to happen and consumers need some sort of protection. He also didn’t even realize YAHOO offered DFS!

    But, this FH stuff is unrelenting, still a soar eye for DFS and whatever is coming down the road in the future is going to take good people (NOT IN GOVT) to work through some solutions to make this industry the best it can be.

    Totally agree – I don’t think 95% of the leaders and members in the government have a DAMN clue about daily fantasy sports. Well, for the ones looking into the industry, that might be an exaggeration, but I’m guessing they still don’t understand enough of the industry and what’s best for it.

    And that’s a problem – because the only people that truly know what’s good for the industry are indulged in it. And that means it probably comes with a bias as well, which the government realizes.

  • joephoto

    Too many politicians will want to give their brother-in-law a job as a State DFS Regulator.

  • RangerC

    I’m pretty sure most of us that have cash (I might have the 3rd most ;-( ) stuck at Hub are waiting at this point (I’m gathering info and screenshotting / archiving all their web traces so they can’t be scrubbed – have a copy of their Fundable, for example) as it doesn’t make much sense to go nuts as long as multiple 3rd parties are reporting that deals are in the works that would pay players. The minute a statement comes out (ala FantasyUP) that players won’t be paid, I will go full nuclear and I’m sure I’m not the only one (these guys owe me enough that if I’m not paid, this is lifelong vendetta level).

  • tvsfrink

    I haven’t followed FantasyUp closely, but I thought they were bought and you could withdraw your money now?

  • MrFantasy

    @tvsfrink said...

    I haven’t followed FantasyUp closely, but I thought they were bought and you could withdraw your money now?

    Yes, taken over by the iTeam network. FantasyUp is actually a pretty decent site on the network now.

  • petey28

    What about draftster. They are worst than fantasy hub.

  • ColonialRampage

    @RangerC said...

    I’m pretty sure most of us that have cash (I might have the 3rd most ;-( ) stuck at Hub are waiting at this point (I’m gathering info and screenshotting / archiving all their web traces so they can’t be scrubbed – have a copy of their Fundable, for example) as it doesn’t make much sense to go nuts as long as multiple 3rd parties are reporting that deals are in the works that would pay players. The minute a statement comes out (ala FantasyUP) that players won’t be paid, I will go full nuclear and I’m sure I’m not the only one (these guys owe me enough that if I’m not paid, this is lifelong vendetta level).

    I’m also content to wait… for a little while. But if there’s no action or a formal statement that we aren’t getting our money back, I will not take this quietly.

    While any kind of physical intimidation mentioned earlier in this thread is completely out of bounds, I know that many board members on FantasyHub run their own companies. If those people don’t make this right, we will make every effort to make sure that the customers of those other businesses know what kind of people they’re in business with. As a business owner, if I heard that one of my vendors was involved with another company that ripped off their customers and didn’t make promised payments to charity, I’d find a new vendor.

    If the FH guys are still lurking on this thread, I hope you realize that this mess won’t be contained unless you fix this soon.

    Make this right.

  • dp47

    • 2012 RotoGrinders TPOY Champion

    • 2012 FanDuel WFFC Finalist

    • 2013 FanDuel WFBC Finalist

    • 2013 FanDuel NFL Playboy Mansion Finalist

    @ColonialRampage said...

    While any kind of physical intimidation mentioned earlier in this thread is completely out of bounds,

    Not sure how knocking on a door equals physical intimidation?

    How else do they expect people to get in touch with them when they refuse to return calls or emails?

  • cAUmberlandtiger8

    @dp47 said...

    Not sure how knocking on a door equals physical intimidation?

    How else do they expect people to get in touch with them when they refuse to return calls or emails?

    Because right now FH, LLC owes people money and not the members. At some point the members may be held personally responsible but that is still TBD. Knocking on these individuals private residences or harassing them by phone and threatening them is unwise and can potentially open up the individual who is doing the “intimidating” to charges.

  • dp47

    • 2012 RotoGrinders TPOY Champion

    • 2012 FanDuel WFFC Finalist

    • 2013 FanDuel WFBC Finalist

    • 2013 FanDuel NFL Playboy Mansion Finalist

    @cAUmberlandtiger8 said...

    harassing them by phone and threatening them

    Once again, knocking on someone’s door and asking them why they closed their site, why they aren’t answering emails or calls and when people and charities can expect their money is not harassment, threatening or intimidation.

  • Aalbanese102089

    @dp47 said...

    Once again, knocking on someone’s door and asking them why they closed their site, why they aren’t answering emails or calls and when people and charities can expect their money is not harassment or intimidation.

    I’m sure that’s exactly how it would go.

    You think someone with thousands of dollars in their account, is just going to be calm and cool about that? I think not. That’s a horrible idea and you’re just setting yourself up for a bad situation.

  • cAUmberlandtiger8

    @dp47 said...

    Once again, knocking on someone’s door and asking them why they closed their site, why they aren’t answering emails or calls and when people and charities can expect their money is not harassment, threatening or intimidation.

    Again, people who have lost money on FH have beef with FH (right now, it could change at some point), not its individual members. You could also be potentially trespassing on to their property.

  • Aalbanese102089

    @cAUmberlandtiger8 said...

    Again, people who have lost money on FH have beef with FH (right now, it could change at some point), not its individual members.

    Who are you speaking on behalf of? Certainly not me. I have beef with FH and moreso the individual members for doing such shady business..

  • jdtrey

    That actually is harassment and the family would probably pursue criminal charges even if it was a “friendly” visit. If it escalated even the slightest bit, now you’re potentially talking about real time in prison for that visit.

  • cAUmberlandtiger8

    @Aalbanese102089 said...

    Who are you speaking on behalf of? Certainly not me. I have beef with FH and moreso the individual members for doing such shady business..

    This is strictly my opinion and not legal advice.

    FH is organized as a Limited Liability Company, therefore they have certain protections. Because of that protection, the members of FH may not be held personally responsible. However, certain situations can change and the members of FH may at some point be personally on the hook for the debts of FH. Beef was a bad term to use, because I am pissed off at everyone involved but I think there are proper ways to handle this and going to someone who is a member of FH personal residence is a bad idea.

  • stalkers1770

    The money they took was not their money to take. We were not investors in the company. They are thieves. Especially the fact they knowingly scammed people into making large deposits with the promise of some huge BS promos when they knew their company was going under and the players would not get any of their balances or new deposits back. A LLC shouldnt protect your company when you commit theft or fraud.

  • cAUmberlandtiger8

    @stalkers1770 said...

    Especially the fact they knowingly scammed people into making large deposits with the promise of some huge BS promos when they knew their company was going under and the players would not get any of their balances or new deposits back. A LLC shouldnt protect your company when you commit theft or fraud.

    This is strictly my opinion and not legal advice

    If this is shown to be true, than most likely an LLC will not protect the individual members. Hopefully a third party takes over FH’s account balances and everyone gets paid. A legal fight to get money back will be extremely timely and costly.

  • RangerC

    @petey28 said...

    What about draftster. They are worst than fantasy hub.

    Not. Even. Close.

    I also have $300 on Draftster. I hope to get it at some point but if it doesn’t happen I will eventually live with it.

    1) Draftster was not a member of FSTA
    2) Draftster did not run big deposit promos to try and get money onto their site
    3) Draftster was not promoted heavily by Rotogrinders and other affiliates
    4) Draftster has limited traffic and had withdraw issues in the past (FantasyHUB had just run A FULL PGA slate right before the shutdown and had carved out a niche as the new 5/7 PGA site)
    5) Draftster did not have a Fundable page showing 1M in funding received

    Anyone playing on Draftster was aware that this might happen. FantasyHub was a blindside hit.

  • RangerC

    @stalkers1770 said...

    The money they took was not their money to take. We were not investors in the company. They are thieves. Especially the fact they knowingly scammed people into making large deposits with the promise of some huge BS promos when they knew their company was going under and the players would not get any of their balances or new deposits back. A LLC shouldnt protect your company when you commit theft or fraud.

    Exactly.

    It’s one thing for FantasyHub to go under. It’s another thing entirely to solicit large deposits multiple times in the weeks/months prior, use that money for other purposes, then close up shop. I have winnings that I earned there that I would like to get, but the money I deposited for their promos is the money that was stolen/scammed – this needs to be paid back NOW.

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