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Tag: bets

FBI Investigates Unregulated Fantasy Sports Industry That Is Exploding in Popularity

sports bettingBy Steve Neavling
ticklethewire.com

The FBI has opened an inquiry into daily fantasy sports websites amid complaints about insider information and predatory lending, the New York Times reports. 

The focus, according to players contacted by the FBI, was on Boston-based DraftKings, where an employee won $350,000 at a rival site.

The FBI also wants to know whether money was involved in states that prohibited betting on fantasy games.

Fantasy sites have become part of a billion-dollar industry that is unregulated but exploding in popularity.