Daily fantasy sports have been under the microscope recently, with plenty of scrutiny and skepticism about the possibility of “insider trading” when it comes to data compiled by services such as DraftKings and FanDuel.
One DraftKings employee recently won $350,000 on his rival site, but an investigation has determined he was not using any inappropriate information.
According to ESPN, the report finds that the employee locked in his roster before receiving any internal data.
“[Greenberg Traurig] has confirmed the Company’s conclusion that Mr. Haskell could not possibly have entered the winning lineup based upon his receipt of the Company’s non-public aggregate ownership percentage information, because he did not receive that information until 40 minutes after the lineup was locked,” the investigation concluded.
The investigation into daily fantasy sports — which took two weeks to conclude — was led by former U.S. Attorney John Pappalardo.
DraftKings has issued a statement on the report’s findings.
“We are very pleased that the independent investigation by Greenberg Traurig has confirmed the findings to our internal review of this matter and our conclusion that there was no improper use of information by our employee,” DraftKings CEO Jason Robins said in a statement. “In fact, as the investigation also concluded, it was not even possible for non-public information to have been used improperly.”
That’s a sigh of relief for DraftKings, but will it impact the public opinion on potential corruption in daily fantasy?
We’ll leave that all up to you.
*Featured Photo (above) credit to USA TODAY Sports