LAS VEGAS (AP) — DraftKings says a law firm hired to investigate claims an employee used valuable inside information to win a $350,000 second-place prize on a competing daily fantasy sports site contest confirms that didn’t and couldn’t have happened.
The Boston-based company released a short two-page summary Monday saying it would have been impossible for the employee to use the information to win on FanDuel because he didn’t receive the helpful data until 40 minutes after that site’s contest closed. The companies employees aren’t allowed to bet on their own sites but until recently could play on competing sites.
The unregulated industry is facing questions from lawmakers, investigators and consumers.
DraftKings says the investigation led by the former U.S. Attorney for Massachusetts now with firm Greenberg Taurig confirms its earlier internal review.