Wednesday, October 7, 2015

ESPN Drops DraftKings Content

ESPN on Tuesday removed sponsored content for DraftKings from its programs on the heels of allegations of insider trading within the fantasy sports company.

"It is a standard procedure for us to pull these kind of sponsorships and integrations when we are covering significant news, to avoid any suggestion of influence on our coverage," ESPN said in a statement.

The situation is being monitored "day-to-day," an ESPN spokeswoman told The Hollywood Reporter.

DraftKings as well as its competitor FanDuel are being scrutinized after an employee of DraftKings won $350,000 on FanDuel thanks largely to information that was not available to the public, according to numerous reports.

The fantasy sports sites allow participants to build teams with players they believe will score the most points and then enter assorted contests at different price ranges. Whoever has the most points after all the week's games, wins the largest amount of the pot.

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