DraftKings employee wins fanduel 350K with Inside Informatio

King of Queens
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Re: DraftKings employee wins fanduel 350K with Inside Inform

Post by King of Queens » Fri Oct 16, 2015 8:39 am

It appears that actual players are being named individually in the Florida DFS lawsuit.

Drew Dinkmeyer
Saahil Sud
Ethan Haskell
Matthew Boccio

This has to be a first for the industry.

JETS SB
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Joined: Mon Sep 03, 2012 9:10 am

Re: DraftKings employee wins fanduel 350K with Inside Inform

Post by JETS SB » Fri Oct 16, 2015 8:53 am

King of Queens wrote:It appears that actual players are being named individually in the Florida DFS lawsuit.

Drew Dinkmeyer
Saahil Sud
Ethan Haskell
Matthew Boccio

This has to be a first for the industry.
Dinkmeyer - Roto experts guy full time fantasy player who won $1 million
Sud - maxdalury - computer/software programmer
Haskell - Draft Kings employee winning at FanDuel
Gibbons - FanDuel employee winning at Draft Kings

Common denominator is insider information and hopefully singling out a few bad apples will be enough to let the fantasy industry move on from this mess and separate the true fantasy player from the guys trying to beat the system.

TR
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Joined: Mon Oct 10, 2011 6:00 pm

Re: DraftKings employee wins fanduel 350K with Inside Inform

Post by TR » Fri Oct 16, 2015 12:54 pm

JETS SB wrote:
King of Queens wrote:It appears that actual players are being named individually in the Florida DFS lawsuit.

Drew Dinkmeyer
Saahil Sud
Ethan Haskell
Matthew Boccio

This has to be a first for the industry.
Dinkmeyer - Roto experts guy full time fantasy player who won $1 million
Sud - maxdalury - computer/software programmer
Haskell - Draft Kings employee winning at FanDuel
Gibbons - FanDuel employee winning at Draft Kings

Common denominator is insider information and hopefully singling out a few bad apples will be enough to let the fantasy industry move on from this mess and separate the true fantasy player from the guys trying to beat the system.
Singling out a few bad apples will not be enough. The system needs to be changed so that can't happen again in the future by making player owned percentages available to everyone before the contest lock. Furthermore I think they need to disallow auto scripts as well as limit the number of entries each player can use in a tourny. It's not skill when someone can have hundreds of different lineups in a tourny..makes it not much different than the lottery which is gambling...and if that is the case then it has to be regulated as such.

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Yah Mule
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Re: DraftKings employee wins fanduel 350K with Inside Inform

Post by Yah Mule » Sat Oct 17, 2015 2:41 am

I'm guessing that ubiquitous commercial with Drew excitedly flying off his couch to cheer will be removed from ultra mega heavy rotation now?

Please?


TR
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Re: DraftKings employee wins fanduel 350K with Inside Inform

Post by TR » Sat Nov 21, 2015 12:19 am

FANDUEL HAS NO SHAME...WOW

http://deadspin.com/fanduel-told-employ ... 1743814536


FanDuel Told Employees Not To Win Too Much Money On DraftKings Or People Would Get Suspicious



55,272
19



Kevin Draper
Filed to: fanduel11/20/15 3:58pm






FanDuel Told Employees Not To Win Too Much Money On DraftKings Or People Would Get Suspicious

In early October, DraftKings and FanDuel banned their employees from playing daily fantasy on competitors’s sites. These new policies came in the midst of a torrent of negative publicity, after DraftKings employee Ethan Haskell accidentally leaked company lineup data on the same weekend that he won $350,000 on FanDuel. DraftKings maintains Haskell didn’t abuse any internal information, but the incident raised uncomfortable questions about which employees had access to proprietary information, and what they were doing with it.







DraftKings Employee With Access To Inside Info Wins $350K At FanDuel


Last week, DraftKings writer Ethan Haskell inadvertently leaked ownership and lineup data…

Read more


As part of the lawsuit FanDuel and DraftKings filed against New York seeking to be allowed to continue operating in the state, FanDuel’s information and playing policy was entered into evidence, and it is a doozy. FanDuel employees were required to read and sign the policy, which dates from before they were banned from playing on other sites.



The beginning of the policy covers its goals:


Goals: These outline what we’re hoping to accomplish by asking you (and other employees) to agree to this policy.
·Limit ability of employees to exploit “inside information” such as the picks of top users, or the win rates of potential opponents.

·Reassure any concerned site users that employees aren’t exploiting inside info.

·Reduce chance of users questioning ability of employees to exploit inside info against them when they play on other sites.


You’ll notice that the goal of the policy isn’t to prevent or disallow employees from exploiting inside information, but simply to “limit” them. The company is clearly more concerned with preventing the perception of unscrupulous behavior rather than actually preventing unscrupulous behavior. That’s as good of a summary of the full three-page document as any.

Here are the full guidelines on the treatment of confidential information:


Internal Controls & Guidelines: These are rules about how you will treat confidential information.
·Only discuss our users’ success and lineups where necessary. The less awareness of this information internally, the less chances for exploitation.

·There is an expectation that employees will only look up info such as user lineups or user win rates where needed to do job.


Roughly: We know you have access to inside information, but try not to talk about it too loudly. And we trust that you won’t use it for evil.

But the best, most shamelessly self-serving part, is the rules for playing on other websites:



Rules for Employee Play on Other Sites:
·Never be among the top five players by volume on any one site (based on site leaderboards). Never be among the top ten overall on the RotoGrinders leaderboard. Top players frequently become targets for accusations by other users.

·Never account for more than 2% of entries in any tournament of more than 1,000 entries. Never account for more than 5% of entries in any tournament of more than 100 entries. Players who swamp big tournaments with entries frequently become targets of accusations.

·Don’t be the 2nd person into a head to head contest against the same opponent in more than one contest per day. This rule will greatly limit the ability to exploit information about user performance, and will also limit the likelihood of complaints from users.

·Never use information gained from viewing users’ lineups.

·Seek to avoid playing anyone whose lineups you saw for that time period.

·You must provide FanDuel with a list of your usernames on all sites where you play for real money. We may or may not choose to reveal your employment status and identity to those sites or on other industry sites.


This is insane! The first three bullet points literally tell employees not to win too much money on other sites, because it will arouse suspicion. There is nothing preventing employees from using lineup information they saw—indeed, that’s basically impossible once it enters their consciousness—they’re just told not to do it. They don’t even have to avoid playing against people whose lineups they saw, they just have to try.

We’ve reached out to FanDuel for comment on these underwhelming policies. You can read them below.

Cocktails and Dreams
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Re: DraftKings employee wins fanduel 350K with Inside Inform

Post by Cocktails and Dreams » Sat Nov 21, 2015 9:31 am

There is not a snowball's chance in hell that fanduel employees never used knowledge gained by looking at certain players lineups. That is an epic advantage that hasn't been discussed very much to this point.

renman
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Re: DraftKings employee wins fanduel 350K with Inside Inform

Post by renman » Sat Nov 21, 2015 11:25 am

Cocktails and Dreams wrote:There is not a snowball's chance in hell that fanduel employees never used knowledge gained by looking at certain players lineups. That is an epic advantage that hasn't been discussed very much to this point.
I agree with this. I want more attention paid to this point. Personally, I do not think the % owned stat is overly important, overly useful to know or hard to predict with relative accuracy. It's almost like NFL point spreads. Almost anyone who is serious about fantasy football can predict NFL lines within a point or 2. It isn't hard to know which guys will be heavily owned week to week.

I am interested in the other shenanigans that may have gone on. I am interested in what systems are put in place or will be put in place to assure the paying customers that no one will be cheating or manipulating the system through the backdoor to have an advantage.

JETS SB
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Re: DraftKings employee wins fanduel 350K with Inside Inform

Post by JETS SB » Sat Nov 21, 2015 12:06 pm

What I would like to know is, how did .3% of owners have Big Ben on their teams last week? Unless they somehow speculated that Jones would get hurt and Big Ben would come in and dominate, the likelihood is ZERO. Even if you do assume that Ben would replace him at some point in the game, no way you are using him as your starter, unless of course, you didnt set your lineup until after 1:00. Thoughts?

TheReckoner
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Re: DraftKings employee wins fanduel 350K with Inside Inform

Post by TheReckoner » Sat Nov 21, 2015 12:27 pm

JETS SB wrote:What I would like to know is, how did .3% of owners have Big Ben on their teams last week? Unless they somehow speculated that Jones would get hurt and Big Ben would come in and dominate, the likelihood is ZERO. Even if you do assume that Ben would replace him at some point in the game, no way you are using him as your starter, unless of course, you didnt set your lineup until after 1:00. Thoughts?
They obviously made their lineups very early in the week and forgot to reset them.... Prob people throwing out many many leagues.

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