This past week, reports surfaced that an employee of DraftKings, a fantasy sports betting company, used internal information to win $350,000 on the competitor website, FanDuel. According to statements made by both companies on Wednesday October 5, 2015, the billion-dollar startups will now aim to better their internal regulations.
The fantasy sports betting industry has surged over the last year, with DraftKings and FanDuel leading the way. Industry consultant Eilers Research projected that such companies will generate around $3.72 billion in entry fees and $370 …
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