Fantasy Sports are gambling

Federal Trade Commission Could Investigate Fantasy Sites

United States Sen. Robert Menendez and Congressman Frank Pallone have asked the Federal Trade Commission to investigate daily fantasy sports operators who allowed employees with access to nonpublic information to compete on rival sites. “Allowing employees of fantasy sports websites with access to nonpublic information to participate in online fantasy games, even if the games are operated by other fantasy sports companies, could give those employees an advantage akin to insider trading,” Menendez and Pallone stated in an Oct. 6 letter to the FTC. “Therefore, we also ask the FTC to investigate whether this constitutes an ‘unfair or deceptive practice’…