A major scandal just broke in a multi-billion dollar industry and nobody is surprised
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In fact, some are surprised it didn't happen sooner.
In case you're not involved in the world of fantasy sports, here's what you need to know from New York Times reporters Joe Drape and Jacqueline Williams:
Last week, a DraftKings employee admitted to inadvertently releasing data before the start of the third week of N.F.L. games, a move akin to insider trading in the stock market. The employee - a midlevel content manager - won $350,000 at rival site FanDuel that same week.
The incident has raised questions about who at daily fantasy companies has access to valuable data, how it is protected and whether the industry can - or wants - to police itself.
The data in question is, according to the Times, "what particular players were most used in all lineups submitted to the site's Millionaire Maker contests."
While details of the scandal continue to emerge, folks on Reddit are claiming they always knew something was amok with these massive fantasy sites.
"This has to be assumed," this Redditor wrote about the alleged insider trading.
For many Redditors, a scandal in the fantasy world seemed all but inevitable.
As for those regulations, fantasy sports are considered a game of "skill," rather than "luck," so they're currently legal in all states and not subject to the same laws as online gambling.
Though some Redditors believe that is all about to change.
Earlier this fall, a New Jersey congressman proposed reviewing the legality of fantasy sites like FanDuel and DraftKings.
It seems that some Redditors believe fantasy sports could soon face the same fate that befell online gambling several years back.
"The gov will start smacking these guys around before long," writes one Redditor.
"It's the money," writes another Redditor. "The gambling sites are making so much off the rake, it's just crazy. Even if they get shut down eventually, they've already made a killing."DraftKings and FanDuel stand to loose an even larger "killing" if they were to be shut down. The fantasy industry generated over $2.5 billion this year, and is estimated to generate over $14 billion by 2020, the New York Times also reported.
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