--- title: New York Attorney General Begins Inquiry Into Fantasy Sports description: A recent scandal has caused concern that employees at daily fantasy sports sites could be using private data to compete and win big payouts canonical: https://time.com/4064006/new-york-attorney-general-begins-inquiry-into-fantasy-sports/ author: Eliana Dockterman article:opinion: false article:content_tier: free article:published_time: 2015-10-07T01:35:22.000Z article:modified_time: 2026-08-04T07:57:34.975Z article:section: Sports og:title: New York Attorney General Begins Inquiry Into Fantasy Sports og:description: A recent scandal has created concern over "insider trading" in fantasy sports og:url: https://time.com/4064006/new-york-attorney-general-begins-inquiry-into-fantasy-sports/ og:site_name: TIME og:image: https://static.time.com/v3/assets/bltea6093859af6183b/blted893d36e151c9a0/69886729f887dce127e92bcd/gettyimages-491556604.jpg?branch=production&width=1200&quality=75&auto=webp&crop=16:9 og:image:width: 4000 og:image:height: 2250 og:image:alt: GettyImages-491556604 og:type: article twitter:card: summary_large_image twitter:title: New York Attorney General Begins Inquiry Into Fantasy Sports twitter:description: A recent scandal has created concern over "insider trading" in fantasy sports twitter:image: https://static.time.com/v3/assets/bltea6093859af6183b/blted893d36e151c9a0/69886729f887dce127e92bcd/gettyimages-491556604.jpg?branch=production&width=1200&quality=75&auto=webp&crop=16:9 ---  # New York Attorney General Begins Inquiry Into Fantasy Sports > Sponsored content. 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Terms and conditions apply. * Savings buckets are a feature of Ally Bank's Savings Account. * No ATM fees from Ally Bank at Allpoint and Moneypass ATMs plus we reimburse for fees charged by other ATM owners nationwide up to $10 per statement cycle. * Early direct deposit offers eligible direct deposits up to two days sooner. * Spending buckets are a feature of Ally Bank's Spending Account. ## Video: How Fantasy Sports Cashed In On Our Impatience [Watch (HLS stream): How Fantasy Sports Cashed In On Our Impatience](https://cdn.jwplayer.com/manifests/ZX6fIocd.m3u8) (2:00)  _Published 2015-08-25. Fantasy sports players are spending more than 50 times the money on daily fantasy games now than just three years ago._  by [Eliana Dockterman](https://time.com/author/eliana-dockterman/)  ## Eliana Dockterman Correspondent Oct 7, 2015 1:35 AM UTC  Andrew Harrer—Bloomberg/Getty Images  by [Eliana Dockterman](https://time.com/author/eliana-dockterman/)  ## Eliana Dockterman Correspondent Oct 7, 2015 1:35 AM UTC The New York attorney general began an [inquiry](http://www.nytimes.com/2015/10/07/sports/draftkings-fanduel-inquiry-new-york-attorney-general.html?smid=tw-nytsports&smtyp=cur) Tuesday into whether employees of major fantasy sports websites have won prizes using practices that appear [similar to insider trading.](http://time.com/4063474/draftkings-fanduel-daily-fantasy-scandal/) The New York _Times_ reports the attorney general’s office has asked for data from DraftKings and FanDuel, two of the most popular fantasy betting websites, to learn what rules and regulations each company has in place to stop fraud. The investigation comes after an employee with access to proprietary data at DraftKings won $350,000 playing on rival website FanDuel. Unlike fantasy football leagues where players set up teams for an entire year, daily fantasy football sites allow competitors to pay an entry fee in the morning, choose players competing that day to build their team, and receive their monetary reward at the end of the day based on how that team did with the potential to win million of dollars. **MORE:** [How the Sports Industry Is Fueling the Daily Fantasy Scandal](http://time.com/4063474/draftkings-fanduel-daily-fantasy-scandal/) A number sports and sports broadcasting companies—[from NFL team owners to Fox, which broadcasts the NFL and MLB](http://time.com/4063474/draftkings-fanduel-daily-fantasy-scandal/)—have either direct stakes in fantasy websites or promotional agreements with them. Since the DraftKings employee’s winning shook the sports world, FanDuel and DraftKings have temporarily prohibited their employees from playing fantasy sports on other sites. ESPN announced Tuesday following the scandal that it will cut elements of its broadcast sponsored by DraftKings out of its shows, but not the commercials it airs between broadcasts, according to the Associated Press. Attorney General Eric T. Schneiderman requested the names, titles and job descriptions of any employees who deal with the sort of data that could give a competitor an advantage on these sites. “It’s something we’re taking a look at — fraud is fraud,” Schneiderman said in a radio interview early Tuesday, [according to](http://www.nytimes.com/2015/10/07/sports/draftkings-fanduel-inquiry-new-york-attorney-general.html) the _New York Times_. “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.” Daily fantasy games have also come under fire recently for their similarities to gambling. Current law states that fantasy betting is not legally considered gambling because it is a game of skill, not luck (TIME’s Sean Gregory explains that controversy [here](http://time.com/4063474/draftkings-fanduel-daily-fantasy-scandal/).) But politicians in individual states as well as D.C. are calling for a re-examination of those rules in light of the current scandal. \[[_NYT_](http://www.nytimes.com/2015/10/07/sports/draftkings-fanduel-inquiry-new-york-attorney-general.html)\] ## Transcript [ SOUND ] Remember the days when a fantasy football draft was offline, and you'll typically held in someone's garage? The only real money exchanging hands was the $ 20 your friends hopefully remembered. Dude, what is this? It's IOU. It's just as good as money. Doug, I still have yours from last It's still good, too. My, how things have changed in Fantasy Sports. Gotta check out these new one week leads on FanDuel. com. Check out Chris Prince. He's 37. He's from Detroit, and he's won over 762 grand on FanDuel. [ SOUND ] I'm sorry, what was that? Six, and even seven figures in prize money? arguably more bizarre than the Manning brothers rapping. The biggest reason Fantasy Sports now looks so different from even a few years ago? We don't want to wait the whole season anymore to crown a winner. Consider the numbers from Fantasy Sports Trade Association. Yes, it's a real thing. This year nearly 57 million people will play fantasy sports. Impressive growth from just three years ago. Those players will spend and average of $ 162 for the year on traditional season long fantasy gaming. More than two and a half times the amount from 2012. But daily fantasy sports is where we see skyrocketing growth. Players will spend $ 257 this year on daily games compared to just 5 bucks 3 years ago. That surge has plenty trying to make a money grab, but it's led most prominently by two companies, FanDuel and DraftKings. And the games are one day, so you can play for your share every single Single day. They facilitate those daily games and take a cut of the entry fees. And those services have reached a whole new level of clout now that sports leagues are comfortable knowing fantasy gaming isn't considered gambling. Fan Duel His signed sponsorship deals with roughly half the teams in the NFL and the NBA has an ownership stake in the company. Major league baseball did the same with Draft Kings, which also has deals with some NFL teams and the NHL. So draft wisely this year everyone. 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