NY Attorney General opens inquiry into fantasy football sites

New York Attorney General Eric Schneiderman has opened an inquiry into daily fantasy football companies DraftKings and Fan Duel following reports a DraftKings employee may have accessed valuable company data before winning second place in a FanDuel contest, an incident likened to possible insider trading.

Schneiderman has sent letters to the companies asking for internal data and details on how they prevent fraud.

The companies say there's no evidence anyone misused internal data.

"It's something we're taking a look at," said Schneiderman. "Fraud is fraud. And, consumers of any product...whether you want to buy a car, participate in fantasy football, our laws are very strong in New York and other states that you can't commit fraud. This is another example of the cleverness and the real, sort of, deviancy that goes into some of these fraud schemes...I don't have comments on the specifics of that matter at this time. But fraud is fraud and we'll investigate it wherever we find it."

(Some information from the Associated Press.)
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