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Once on the fringe,the world of fantasy sports has turned mainstream and grown into a multi-billion dollar industry. Players put together fantasy teams with genuine athletes, and their genuine world performances determine how well online teams perform. A rapid infusion of money into the world of fantasy sports has left regulators playing catch up, and unsure of what needs to be done to curtail what essentially amounts to legal betting.Revelations are now coming out that an employee at fantasy company DraftKings essentially participated in a form of insider trading,and walked absent with hundreds of thousand of dollars in the process. It could be the tip of an iceberg that shows the underside of a now massive industry.
Chris Grove, editor at Legal Sports Report, or weighs in.
What you'll learn from this segment:How far behind regulators are when it comes to fantasy sports.
Whether it's possible to strike some sort of balance within the industry.
What the future of the fantasy sports industry looks like.
Source: wnyc.org