October has been a helluva month for daily fantasy sites. Earlier this month an employee of DraftKings was accused of insider training after winning $350,000 on competitor FanDuel’s site. Then Nevada said that fantasy sports sites operating there were conducting gambling and thus needed to get gambling licenses to continue to operate; the Wynn also cancelled a huge fantasy convention. Then we learned the FBI and multiple state attorneys general, including New York and Florida were investigating the legality of daily fantasy sites. And to add a nail in the coffin, it was reported that NFL teams may be pulling their advertising dollars from FanDuel and DraftKings.
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