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DFS Industry Discussion Thread DFS Industry Discussion Thread

10-22-2015 , 12:15 PM
Here is a stand alone version of the commentary:

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10-22-2015 , 12:38 PM
why did they improperly use i.e.

it should be e.g. without the etc
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10-22-2015 , 03:01 PM
Quote:
Originally Posted by domer2
US Attorney in Florida probably has an easier case under IGBA re: Florida state law, and they are much further along in the process (grand jury started, subpoenas issued).

Preet has just announced an investigation, so we're many months away, if not a year or two, from any charges. Which is to say, there is a lot of time for legislative remedies. Florida seems the much more pressing issue.
preet sending out them subpoenas too

http://www.nasdaq.com/article/us-pro...20151021-01510
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10-22-2015 , 04:50 PM
It's gotten so ridiculous between the sites and people making $ off DFS defending it (at least over in the SE forum) that even I don't care if DFS gets banned at this point. Hell I'm actually kinda rooting for it. If you're proud of all the $ you win at $1 h2h cash games; go **** yourself and I'm all for the make it while you can mantra.
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10-22-2015 , 07:18 PM
I couldn't open that link,here's another.

http://www.foxnews.com/us/2015/10/22...as-draftkings/

Preet's really gonna be on the warpath.He had to cut loose a bunch of alleged insider traders today because a judge said he played a little to fast and loose with the rules.I bet he's really pissed.
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10-22-2015 , 08:09 PM
DFS contests are not supposed to be based on the outcome of games. Could picking a team defense make daily NFL contests illegal? What about getting points for when a pitcher or goalie records a respective win in daily MLB, daily soccer, and daily NHL contests?
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10-22-2015 , 10:37 PM
Quote:
Originally Posted by wheatrich
It's gotten so ridiculous between the sites and people making $ off DFS defending it (at least over in the SE forum) that even I don't care if DFS gets banned at this point. Hell I'm actually kinda rooting for it. If you're proud of all the $ you win at $1 h2h cash games; go **** yourself and I'm all for the make it while you can mantra.
this is a really bitter and small-minded way of thinking.
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10-22-2015 , 11:01 PM
Quote:
Originally Posted by TomG
"We lose money on every sale, but make it up on volume"

TomG!!! it's like seeing Bigfoot!

you end up taking the free DFS money or you still wearing a tie to work? been meaning to ask, always wondered if you went back to it or not based on your feelings towards DFS like a year ago...
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10-23-2015 , 12:00 PM
Quote:
Originally Posted by Shoe
I agree states should not able to do this but it is how these things work (and those initial demands should be able to be negotiated down as well).

As far as the up-front licensing costs go, even if they made this deal with every state, it would still pale in comparison to what they are spending on advertising (obviously some states would be worth more than others just throwing it out there).
Yeah sites would be thrilled with giving say half a mill each state plus 10% (of the rake, not the buyins) to the states as long as it's a collective player pool. Isn't a huge financial commitment for FD/DK and creates a significant entry barrier for startups.

Good for the states and the sites. Keeps the duopoly going so good for keeping rake up. Stifles competition.
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10-24-2015 , 08:43 PM
Quote:
Originally Posted by Two SHAE
this is a really bitter and small-minded way of thinking.
Neither are quite true (pity/embarrassment instead of bitter and society is certainly better off without DFS) but look at it this way, I'm literally DFS's target customer and I'm already sick of players and companies.

Yeah, gov't will certainly take their cut and then add a barrier to entry to benefit those big sites like gov't always does. Win/win for $$$$$, lose for everyone else.
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10-24-2015 , 09:08 PM
Quote:
Originally Posted by wheatrich
Neither are quite true (pity/embarrassment instead of bitter and society is certainly better off without DFS) but look at it this way, I'm literally DFS's target customer and I'm already sick of players and companies.

Yeah, gov't will certainly take their cut and then add a barrier to entry to benefit those big sites like gov't always does. Win/win for $$$$$, lose for everyone else.
I agree with most of what you say, especially the bolded, but to say society is certainly better off without DFS is just ridiculous, even though I think I know what you mean. People really enjoy the game and it allows for a better sports viewing experience, so despite the general overall -EVness to it it has tremendous utility.
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10-25-2015 , 06:39 AM
Quote:
Originally Posted by BillyPhelan
I couldn't open that link,here's another.

http://www.foxnews.com/us/2015/10/22...as-draftkings/

Preet's really gonna be on the warpath.He had to cut loose a bunch of alleged insider traders today because a judge said he played a little to fast and loose with the rules.I bet he's really pissed.
pretty sure Preet's case had little to do with Ethan and insider trading. that was another prosecutors' case (FBI and some other US atty I think)

Preet's case is questioning the legality of DFS at the federal level, much like he did with online poker.
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10-25-2015 , 08:05 AM
Quote:
Originally Posted by PTLou
pretty sure Preet's case had little to do with Ethan and insider trading. that was another prosecutors' case (FBI and some other US atty I think)

Preet's case is questioning the legality of DFS at the federal level, much like he did with online poker.
See this: http://forumserver.twoplustwo.com/sh...postcount=1001
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10-27-2015 , 01:12 PM
It's actually pretty disgusting how biased the articles in the ny times have been. So much to the point I'll probably never believe anything they write again.

The writer of all these articles obviously had never played fantasy football.

I think it would be possible to write a more balanced article that could look at the positives and negatives of the industry, even if he chose to highlight the negatives.
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10-27-2015 , 02:11 PM
i think DFS should be legal (and regulated to ensure fair games)
but it makes me sick to see this stuff advertised all over the TV while online poker remains "illegal" in the states.

it's just incredibly hypocritical.....
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10-27-2015 , 02:29 PM
hypocritical by who?
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10-27-2015 , 02:32 PM
i assume he means us govt?
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10-27-2015 , 02:36 PM
the word you want is "inconsistent" which is obvious
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10-27-2015 , 03:10 PM
Quote:
Originally Posted by CanadaPete
It's actually pretty disgusting how biased the articles in the ny times have been. So much to the point I'll probably never believe anything they write again.

The writer of all these articles obviously had never played fantasy football.

I think it would be possible to write a more balanced article that could look at the positives and negatives of the industry, even if he chose to highlight the negatives.
You would be amazed at how many Pulitzer Prizes this reporting crew has actually won, I was seriously astounded.

Look them up.

(For me the irony is that I bought a digital subscription to follow this series. )
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10-28-2015 , 04:03 AM
From the FSTA today:

Quote:
FSTA Members,
We are at a pivotal moment in the history of fantasy sports. For our paid contest operators, the necessity for some form of regulation is upon us. Our players and government authorities alike are likely to insist that our industry has mechanisms in place that ensure strict and effective regulatory oversight.

We can establish and enforce these systems ourselves, or we can put our industry in the hands of outside entities who do not understand the industry as we do – outside entities who are not as able nor as committed to establishing rules and regulations that ensure integrity and transparency while allowing the industry to continue to thrive.

Simply put, the leadership of the FSTA believes that we cannot and should not allow the future of our industry to rest in the hands of others.

To that end, I'm very pleased to announce the creation of the Fantasy Sports Control Agency (FSCA), a group formed by the Fantasy Sports Trade Association for the purpose of bringing enhanced transparency, ethics and integrity to the industry.

The FSCA will provide mandatory guidelines in four key areas:

Standards
Company Controls, Processes and Leadership
Auditing Policies and Procedures
Enforcement
I’m also pleased to announce that the Chairman of the FSCA is Seth D. Harris, the Former Acting U.S. Secretary of Labor for the Obama Administration. At the U.S. Labor Department, Secretary Harris spent five years overseeing the work of a half-dozen civil regulatory and enforcement agencies addressing complex legal and ethical issues, and working with a wide array of stakeholders. His goal at the Labor Department was compliance with the law. At the FSCA, his goals will be honesty, integrity, and fairness in all fantasy sports games.

The FSCA will be an independent authority, beholden to no company within the FSTA nor the FSTA itself - providing the framework necessary to provide clear, operable direction to our paid contest operators. Many details will be ironed out in the coming weeks and months, and I will keep you informed each step of the way.

Secretary Harris and FSTA Board member Rob Pythian have already met with industry stakeholders, who have been supportive of our initial plans.

We will be announcing Secretary Harris’ appointment and the creation of the FSCA shortly via a national press release, and we will have the opportunity to reinforce our plans at the Sports Business Journal Sports Media & Technology conference in New York tomorrow.

This is a decisive first step in our industry's path toward meaningful self-regulation. Thank you for your ongoing support for the FSTA and your future support of the FSCA.


Paul Charchian
President, FSTA
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10-28-2015 , 11:11 AM
Quote:
Originally Posted by Joe Tall
From the FSTA today:
This is laughable. One contradiction after another from all these guys. They might as well get licensed by the Kahnawake's.


"We can establish and enforce these systems ourselves, or we can put our industry in the hands of outside entities who do not understand the industry as we do – outside entities who are not as able nor as committed to establishing rules and regulations that ensure integrity and transparency while allowing the industry to continue to thrive. Simply put, the leadership of the FSTA believes that we cannot and should not allow the future of our industry to rest in the hands of others."


"I'm very pleased to announce the creation of the Fantasy Sports Control Agency (FSCA), a group formed by the Fantasy Sports Trade Association for the purpose of bringing enhanced transparency, ethics and integrity to the industry. I’m also pleased to announce that the Chairman of the FSCA is Seth D. Harris, the Former Acting U.S. Secretary of Labor for the Obama Administration."

"The FSCA will be an independent authority, beholden to no company within the FSTA nor the FSTA itself - providing the framework necessary to provide clear, operable direction to our paid contest operators. "

In one breath they say how outsiders cannot be trusted to provide guidance for this industry. In the next breath they say that the new entity they created will not be beholden to the FSTA or operators. Makes me wonder how this new entity will not be beholden to the FSTA or their operators. It was created by the FSTA and their operators for the sole purpose of changing the perceptions of those who oppose them and to correct any misconceptions from those who support them.
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10-28-2015 , 11:54 AM
sucks i was using DK thru VPN with an address out of NV (its actually a lot i own and i have the mail forwarded to NV)

and now they want confirmation of my new address with utility bill + license showing that address
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10-28-2015 , 05:41 PM
Good job by draftkings shifting to pretty much all double ups instead of 50/50s. Make the fish lose money even faster.
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10-28-2015 , 05:58 PM
Quote:
Originally Posted by bosoxx05
Good job by draftkings shifting to pretty much all double ups instead of 50/50s. Make the fish lose money even faster.
They must of did some type of research where customers complained and didn't understand why a $1 50/50 only wins $1.80.
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10-28-2015 , 06:33 PM
Quote:
Originally Posted by lerz
This is laughable. One contradiction after another from all these guys. They might as well get licensed by the Kahnawake's.


"We can establish and enforce these systems ourselves, or we can put our industry in the hands of outside entities who do not understand the industry as we do – outside entities who are not as able nor as committed to establishing rules and regulations that ensure integrity and transparency while allowing the industry to continue to thrive. Simply put, the leadership of the FSTA believes that we cannot and should not allow the future of our industry to rest in the hands of others."


"I'm very pleased to announce the creation of the Fantasy Sports Control Agency (FSCA), a group formed by the Fantasy Sports Trade Association for the purpose of bringing enhanced transparency, ethics and integrity to the industry. I’m also pleased to announce that the Chairman of the FSCA is Seth D. Harris, the Former Acting U.S. Secretary of Labor for the Obama Administration."

"The FSCA will be an independent authority, beholden to no company within the FSTA nor the FSTA itself - providing the framework necessary to provide clear, operable direction to our paid contest operators. "

In one breath they say how outsiders cannot be trusted to provide guidance for this industry. In the next breath they say that the new entity they created will not be beholden to the FSTA or operators. Makes me wonder how this new entity will not be beholden to the FSTA or their operators. It was created by the FSTA and their operators for the sole purpose of changing the perceptions of those who oppose them and to correct any misconceptions from those who support them.
Cannot disagree, it doesnt look to hold much weight, and is a bit late to the game.
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