Love Is Blind: The Dangerous Affair Between Pro Leagues and Daily Fantasy Sports
Over the past few years there has been an explosion in the popularity of Daily Fantasy Sports (DFS) in North America. There are currently around 57 million players across the USA and Canada and, after some hefty investments from top sports teams and sports media, the two leaders in the industry, FanDuel and DraftKings, have been valued at nearly $1 billion each. All in all, it is an extremely popular and profitable industry.
However, with allegations of insider trading having been thrown at DraftKings and FanDuel, and an FBI investigation underway, there is a huge question mark hanging over the unmonitored operations of DFS companies and their dealings with the sports leagues and media. It looks like the brief, but fruitful honeymoon could soon be over.