Oct

7

 There appears to be a very rapidly growing area of business, and even magazines to help you with your player selections now fill the shelves of grocery store racks. A lower barrier to entry for those with less money to lose?

1.

Sports betting has thrived despite a large skill gap between the average sports fan and the sharp bettor. The reason is that the lines are set by a large, liquid market. You can walk up to a betting window in Las Vegas, select a team at random and still win almost 50 percent of the time. Betting randomly, you will lose money over time, but your average loss will be only slightly over the 4.5 percent vigorish.

and

2.

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. They also say the incident is "what amounted to allegations of insider trading."This is huge news for fantasy sports, a multibillion-dollar industry that's legal in the US because fantasy sports are considered a game of "skill."


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