So everyones' favorite legal gray area gambling site Draft Kings is getting investigated by the FBI due to the seeming malfeasance (insider trading of a sort) that was uncovered last month.
If your unaware of what happened an employee of Draft Kings using insider information on drafts placed and won large sums of money on a near daily basis on rival draft site Fan duel. Winning as much as $350,000 a day.
Now a bit of info on why the whole fan draft concept is so fucking shady and unregulated. As of writing this fantasy drafts are considered not gambling because it's a "game of skill" not unlike how pinball machines were declared legal during prohibition, while drafts on the other hand, a base level of knowledge of current players teams and matchups will help a potential drafter it boils down to little more than gambling.
Here's a link to the verge about the current investigation. Link
Now look for around 2 or 3 years, well essentially since the whole daily draft thing started, I've just been waiting for something like this to happen as its essentially the same fucking thing that happened to all those poker sites 10 years ago.
Edit: and another thing the employee who did this technically did nothing wrong according to draft kings and as its completely unregulated at the moment he'll probably get off scott free unless the government does some legal schenanigans.
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