Jones Brown Law represents people who lost money on DraftKings and FanDuel. Both companies have been subject to numerous lawsuits alleging that these companies “mislead millions of American consumers about their products” and that they ran a “rigged game.”
According to the lawsuits, Fanduel told its investors that only the top 0.1% of users actually win money, and only a tiny minority of DraftKings players won money over the long term. The few DFS players who actually made money were usually professional players that used sophisticated models or advanced computer programs called bots that make hundreds or thousands of bets a day. The lawsuits allege that FanDuel and DraftKings allowed bots to cater to the professional “sharks,” and used false advertising to bring in regular players and their money to feed the sharks.
In addition to encouraging the bot players, both companies allegedly used fraudulent marketing that made it seem like they would give a “100% Bonus Match” for their deposit. In reality, players had to bet thousands of dollars before they received even a $100 match.
Lawsuits Claim Only 1 in 1000 Won Money
Professional players with backgrounds in economics and computer programming allegedly utilized bots that could place hundreds of bids before a person could even click. According to the lawsuits, this made it almost impossible for average players to win money. Even though FanDuel and DraftKings knew about these players, they ran thousands of commercials claiming that regular fans could win money.
Did you lose money on FanDuel or DraftKings since January 1, 2015?
If you lost money on FanDuel or DraftKings since January 1, 2015, then you may qualify for compensation. Let the experienced and professional attorneys at Jones Brown Law take a look at your case and see what Jones Brown can do for you.
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