By ANN BABE | Courthouse NEWS
MANHATTAN (CN) – Fantasy sports sites are facing real-world problems – big ones -as allegations of insider trading have prompted federal class actions against DraftKings and FanDuel.
Adam Johnson and Cody Allgeier, both of Kentucky, each filed complaints Thursday in Manhattan and Kentucky, respectively, against Boston-based DraftKings and Manhattan-based FanDuel. The New York case is a federal complaint, but Allgeier filed his case in Jefferson County Circuit Court.
They say the websites induced football fans into wagering money on contests that they allowed their own employees to play – and win using insider information.
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