NY attorney general opens probe into fantasy sports websites
NEW YORK — New York’s attorney general has sent letters to daily fantasy sports websites DraftKings and FanDuel demanding they turn over details of any investigations into their employees.
The letters were prompted by media reports a DraftKings employee may have had access to valuable company data before winning second place in a FanDuel contest. The incident is being likened to insider trading.
The companies say there’s no evidence anyone misused internal company data.
Fantasy sports participants put together virtual teams based on real players and compete based on the players’ statistics.
Attorney General Eric Schneiderman on Tuesday asked for the names, job titles and descriptions of employees who compile and aggregate data including pricing algorithms and athletes’ ownership percentages for past contests.
He wants the companies to explain their policies or practices prohibiting employees from playing daily fantasy sports.