I’m done with DraftKings, FanDuel etc.

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.draftkings2

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.

draftkings3There 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 :

Part 1- How to win money in Draftkings

Part 2- Results 

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.

draftkings4

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.

imout

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5 thoughts on “I’m done with DraftKings, FanDuel etc.”

    1. No official moves quite yet, but as of today they’ve said that Employees from both companies will no longer be able to play Daily Fantasy Sports. An investigation has also been launched to see how much each employee has won.

      1. Interesting, thanks. I suppose though that people who work for the online poker sites are allowed to play on other poker sites. But then maybe that doesn’t have the same kind of edge. Although bankers are still allowed to have their own stock and share portfolio.. It’s a tricky one, isn’t it?

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