DraftKings Says “Insider Information” Employee Did Nothing Wrong

Draft Kings ClearDraftKings has cleared an employee of any wrongdoing after it was alleged he used insider information to win $350,000 (€308,300) on a website operated by rival daily fantasy sports (DFS) company FanDuel. Ethan Haskell, a manager at DraftKings, released key data on fantasy teams for the NFL American football league and won the real-money prize on FanDuel in the same week.

Data released by Haskell showed which NFL players were most used in teams submitted to the website’s ‘Millionaire Maker’ contests, with this data not usually released until the line-ups for games have been completed. Furthermore, having such information prior to entry deadline is seen as offering an advantage.

However, US Attorney John Pappalardo, hired by DraftKings to investigate the case, has ruled that Haskell could not have used the information in question to win the contest on FanDuel. The investigation found that Haskell did not receive the data until 40 minutes after he had locked up his line-up on the FanDuel contest.

“It would have been impossible for Mr Haskell to have used such non-public information,” DraftKings said in a statement. DraftKings and FanDuel have banned staff from playing contests on rival websites following the allegations earlier this month, but the Haskell case has raised concerns as to whether there is sufficient regulation of the US DFS market.

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