FanDuel implements gambling ban
News on 7 Oct 2015
News on 7 Oct 2015
Under a hail of criticism and political interest, fantasy sports company FanDuel has permanently banned employees from playing fantasy sports games on its own and competitors operations.
The company has gone so far as to extend the ban to competitor employees playing through its own website, requiring customers confirm that they are not an employee of any fantasy website.
A company statement issued Wednesday said: “Trust with our players is core to our business and has always been our primary concern so we take any potential game integrity issue very seriously”.
Former federal judge and United States Attorney General Michael Mukasey will also review the facts of the DraftKings employee betting incident and evaluate FanDuel’s internal controls, standards and practices, the company said.
“His mandate is to conduct a review to identify ways that we can ensure we are doing the right things to maintain the trust we have with our players. He will have the freedom and authority to look at any areas he thinks appropriate. We will ask him and his team at the law firm Debevoise & Plimpton to develop a set of recommendations for us to adopt and to highlight any areas where our controls can be strengthened.”
In addition, the company will create an internal advisory board led by Michael Garcia of the Kirkland & Ellis law firm and former United States Attorney for the Southern District of New York to provide advice, recommendations and guidance to ensure integrity of the site and their games.
“We also look forward to speaking with regulators across the nation about how to define the right set of rules for our industry,” the statement concluded.
