The unregulated world of fantasy sports metaphorically soiled its pants this past week after it came to light that a Draft Kings employee won $350,000 playing daily fantasy football on a rival site Fan Duel. Was it Insider Trading or gambling? That's a question that leaves plenty of room for debate but I think that we can all agree that something has to change in the fantasy sports world.
Regulation in fantasy sports could possibly kill the revenue and potential worth of the leading companies like Fan Duel and Draft Kings. Just last week ESPN who is owned by Disney backed out of a $250 million dollar investment in exchange for 20% of the company Draft Kings. Who wants to be associated with something that could potentially plummet at anytime. Fantasy Sports is becoming more and more unstable every day.
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