DraftKings is gambling. It exists in a grey area of gambling hidden behind the veil of a “game of skill” which is why they’re able to toe the line and keep operating.
DraftKings ads have become the most insufferable advertisements on the internet/TV/Radio etc. They’re literally everywhere, and there’s no end in sight. They are a Billion dollar industry who’s signed up over 1.5 million users in the past two months alone.
At the end of the day, DraftKings is not regulated by the government. It’s the wild fucking west of legalized sports gambling, and there’s no way to really investigate any wrongdoings.
There have been rumblings about funny things going on behind the scenes with DraftKings for a while now. Users have complained of lineups being modified post the event start times, and accusations of fake accounts and insider information have been going around as well. With all these new users, there’s a much larger microscope on the fishy stuff going on.
Personally I’ve noticed a big drop in significant payout for these bigger contests. The top makes more money, and they may pay out more people, but it it seems far less significant these days than it was in the earlier days. If you’re interested in seeing this first hand, read these two DraftKings blogs I did a few months ago. It’s a good read :
Today, the headlines are all about a DraftKings employee who admitted to using inside information to win $350,000 in a big tournament with a similar competitor-FanDuel (source). Currently there are no rules against DraftKings employees playing FanDuel and vise versa but that’s about to change real quick.
I have a strong feeling that this is just the tip of the iceberg. We’re going to start seeing these stories of corruption popping up all the time. My guess is that DraftKings is going to get so colluded that it will end up suffering the same fate as online poker back in the mid 2000’s. Eventually the government will come in and shut it down. The money train is still going full steam ahead for now, but there seems to be no light at the end of this tunnel. The trust is starting to erode and it’s only a matter of time before these daily fantasy sites crumble faster than a piece of stale bread.
So I’m saying it now. I’m done with DraftKings. It’s just not that fun anymore anyway.