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Closing Bell

FanDuel's Eccles Welcomes State Oversight Of Fantasy Sites

FanDuel co-Founder & CEO Nigel Eccles today said that "intervention by state governments is the only way to ensure consumers can trust the fantasy sports industry." He added that a "plan announced this week by the industry’s trade group to police itself with an outside control board is positive but doesn’t go far enough." Eccles said that laws "should be in place to mandate that fantasy sports operators keep player funds separate from operating cash ...  and that inside information cannot be misused." FanDuel today planned to "send a letter to customers laying out Eccles' views" (WSJ.com, 10/29).

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