fantasy sport gambling

[mstng86]

I can't say that without seeing all the information. Find me a risk free investment, I'd love to hear about it.

You are right, there is always risk.

So if the Feds come in and deem it all illegal. What happens to all that money? If it is all been sent offshore, I assume the funds can be froze, but the investor would absolutely get nothing back. Right?

[slow99]

Would you have advised them to make that investment? For all the money thrown at those two companies, there had to be plenty of people that chose not to invest.

I can't say that without seeing all the information. Find me a risk free investment, I'd love to hear about it.

[mstng86]

Well of course.

Would you have advised them to make that investment? For all the money thrown at those two companies, there had to be plenty of people that chose not to invest.

[slow99]

I think they knew the risk going in and still dumped the cash into it. It's not like they never thought the Feds would really look at a gambling firm.

Well of course.

[mstng86]

Shit, imagine if you're one of those private equity investors and then the Feds ban fantasy ... fuck. Hundreds of millions down the drain.

I think they knew the risk going in and still dumped the cash into it. It's not like they never thought the Feds would really look at a gambling firm.

[slow99]

Shit, imagine if you're one of those private equity investors and then the Feds ban fantasy ... fuck. Hundreds of millions down the drain.

[mstng86]

Business model of daily fantasy sports under federal probe: WSJ

Reuters) - The U.S. Justice Department and the Federal Bureau of Investigation are looking into the business model of daily fantasy sports operators and trying to determine whether they violate federal laws, the Wall Street Journal reported, citing people familiar with the matter.

Customers of DraftKings Inc have been approached by FBI agents from the Boston office, asking them about their experiences with the company, the WSJ said, citing a person familiar with the matter.

The probe is at a preliminary stage and no decision has been reached. The Justice Department is trying to ascertain if daily fantasy games are a form of gambling that are outside the purview of the exemption, the newspaper reported.

A spokeswoman for DraftKings told the WSJ that they have no knowledge of the specifics of any federal investigation but added that they strongly disagree with any notion that the company has engaged in any illegal activities.

The fantasy sports industry has faced a firestorm of criticism since news broke that an employee at DraftKings won $350,000 from a $25 entry in an American football contest on the rival FanDuel site using what reports said appeared to be inside information.

Representatives at the Justice Department, FBI, DraftKings, and FanDuel were not immediately available for comment outside regular U.S business hours.

Fantasy sports companies FanDuel Inc and DraftKings said last week that they had banned their employees from all daily fantasy games and also barred staff from rival companies from their sites.

Daily fantasy sports, which have developed in recent years, allow participants to draft teams in games played in just one day. It has allowed fans to bet with a frequency that some critics argue is akin to sports betting or gambling.

FanDuel and DraftKings are privately owned and both valued at more than $1 billion.

[Captain Crawfish]

who has today's moneymakas ? Spill it

[Cobraman]

You'll have your cowskin rug before you know it!

You know it

[Chili]

Put in $12 won $35 this weekend

You'll have your cowskin rug before you know it!

[Cobraman]

Put in $12 won $35 this weekend

[TeeShock]

How does league of Legends work?

Making nerding

[SMKR]

How does league of Legends work?

[TeeShock]

After further exploring the site, I found that you can also bet on League of Legends. Looks like i finally found my contest.

[Roscoe]

A neighbor of mine won $5k in the baseball league the other day. $2 buy in and he took 1st. He was happy as shit when he was at $60, then $100, and the last 30min he was pacing around about to have a seizure.

All came down to the winning pitcher of the Pirates game. Evidently they pulled him out right as the 7th started so he still got the win. The moment it ended he did his bull dance all around the house.

I asked him if this brings him positive overall in FanDuel, he said.... good question. LOL