With the fantasy football season now over halfway completed, time for an update: Two of my teams are doing very well, holding first place in their leagues. Two are doing okay, being around .500, and let's not talk about the last one.
"Not uncomfortable at all," said Fisher when asked how he felt about his future with the team being undetermined beyond this season. "I'm not uncomfortable at all. I never look over my shoulder."
How Fisher is still employed, let alone the head coach of my new hometown LA Rams, is beyond me. Let's look at the tape:
Lifetime record: 172-161-1 = 52.1%.
Record as Rams head coach: 30-41-1 = 42.4%
Only six playoff appearances in 22 seasons.
Only one Super Bowl appearance ( a loss) in 22 seasons.
Has not made the playoffs since 2008.
Six consecutive losing seasons (including his last season at Tennessee).
Has never made the playoffs as Rams head coach.
The only logical explanation I can find is that Stan Kroenke is following the Chicago Cubs strategy of deliberately tanking to build up a stock of high draft picks to build a team that can win and, once het gets there, Fisher will be fired as the fall guy for years of losing and somebody competent will be hired.
I'm really glad we decided to go to 12:30 Mass instead of 10:30, because I'm loving watching the Panthers blow out the Seahawks. Cam Newton is playing (to quote Bull Durham) with joy, verve, and poetry. Of course, since Pete Carroll has sold his soul to the devil, the Seahawks could still launch a comeback, but it'd have to be the second best of all time.
Matt Bodie has details on the nascent Fantasy Sports Control Agency, a proposed self-regulatory organization for daily fantasy football. If they need a board member with considerable knowledge of business organizations, securities regulation, and fantasy football, may I suggest .. well, me?
A major scandal is erupting in the multibillion-dollar industry of fantasy sports, the online and unregulated business in which players assemble their fantasy teams with real athletes. On Monday, the two major fantasy companies were forced to release statements defending their businesses’ integrity after what amounted to allegations of insider trading, that employees were placing bets using information not available to the public.
Last week, an employee at DraftKings, one of the two major companies, admitted to inadvertently releasing data before the start of the third week of N.F.L. games. The employee — a midlevel content manager — won $350,000 at a rival site, FanDuel, that same week.
“It is absolutely akin to insider trading,” said Daniel Wallach, a sports and gambling lawyer at Becker & Poliakoff in Fort Lauderdale, Fla. “It gives that person a distinct edge in a contest.”
"Akin"? Maybe in the way that second cousins once removed are kin.
Black's Law Dictionary defines "insider trading" as "The use of material, nonpublic information in trading the sharesof a company by a corporate insider or other person who owes a fiduciary duty to the company."
Obviously, no shares were traded here. Was there an equity security of some other sort? No. Was there any kind of security on these facts? No.
So why are people rushing to throw around terms like "insider trading"? Because they either want to regulate the DFS industry, sue the industry, or ban the industry. They figure calling what happened "insider trading" gives their private anti-industry agendas a leg up.
What we have here is a very simple breach of agency law. As Restatement (Third) of Agency § 8.05 explains:
An agent has a duty ... not to use or communicate confidential information of the principal for the agent's own purposes or those of a third party.
In sum, let's not make a federal case out of this mess.
Update: Another website claims that having access to ownership data is the "functional equivalent" of insider trading. Wrong. Set aside the fact that there is no security here. Having access to DFS ownership data is helpful. Avoiding players who are owned by half the pool is often a good strategy. But it doesn't guarantee that you'll cash. In most cases, by way of contrast, insider information locks in a profit.