CRACKDOWN

NY AG Opens Probe on Fantasy Sports

Over possible inside betting scandal.

New York Attorney General Eric Schneiderman opened an inquiry into daily fantasy sports websites DraftKings and FanDuel on Tuesday, following a New York Times report that the two companies were embroiled in an insider trading controversy. Schneiderman sent the sites a letter ordering them to hand over details of any investigations into their employees over allegations of exploiting access to nonpublic data. The probe comes after a DraftKings employee admitted to inadvertently releasing data before the the third week of National Football League games, a move considered similar to insider trading in the stock market. The company said Tuesday that it conducted a thorough investigation and alleges that the employee did not have an unfair advantage.