FBI Opens Investigation Into DraftKings' Business Model
The Wall Street Journal reports the FBI is taking a look at whether DraftKings' business model violates federal law.By Matt Moreno | October 15, 2015
Daily fantasy sports site DraftKings is now under FBI scrutiny in the wake of insider trading allegations.
The Wall Street Journal reports the fantasy site's business model is being investigated by the Boston-area FBI to see if it violates federal law.
Both DraftKings and FanDuel have been able to skirt gambling laws in the past, referring to themselves as sites where players enter daily fantasy contests and games of skill.