Mass. reaches legal resolution with DraftKings, FanDuel
September 09, 2017 7:26 AM
by Robert Mann
Massachusetts has reached a legal resolution with daily fantasy sports companies DraftKings and FanDuel, reports The Boston Business Journal.
Media reports indicate each has agreed to pay $1.3 million in a settlement with the Massachusetts Attorney General's office to resolve an investigation started two years ago.
In an announcement late Thursday, it was learned that there is now an agreement over alleged “unfair and deceptive practices” that began in 2015. The Massachusetts Attorney General did not reveal further details about the investigation. The probe is believed to have originated after a former DraftKings employee allegedly used “inside information to win $350,000 in a FanDuel competition”, and that the “competitions were generally unfair to average players.”
In a statement released Thursday, the AG's office said, “Both DraftKings and FanDuel cooperated throughout the investigation and have made significant changes to their business models to protect consumers with respect to gameplay fairness, protections for minors, responsible gaming requirements, fairness in advertising, and data and funds security.”