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DraftKings, FanDuel Defend Themselves Against “Insider Trading” Allegations

DraftKings, FanDuel Defend Themselves Against “Insider Trading” Allegations

If you’ve turned on a TV in the last month — and certainly if you’ve watched any live sports — you’ve no doubt been inundated with ads for both DraftKings and FanDuel, the two leading online fantasy sports leagues. But both companies are now having to publicly defend themselves as their industry deals with a scandal involving a DraftKings employee who made hundreds of thousands of dollars in a week gambling on FanDuel. [More]