fantasy football

The executive suiteWhen he woke up on the morning of Oct. 5 — a beautiful fall day when many New Yorkers started raking leaves — Mark Guindi never imagined he would rake in something else: a cool $12,000. “It was the craziest thing,” says the handsome 24-year-old Brooklynite, who scored big in a fantasy football tourney called FanDuel NFL Sunday Million. “I wake up one day, put up a $25 entry fee, and I make 12,000 bucks.” Guindi is now making a name for himself in the upper leagues of daily fantasy football, drafting a team of real-world athletes to pit against other players. In three weeks, he’ll be trading his winter jacket for suntan lotion as he hits Vegas for the ultracompetitive Fantasy Football Championship sponsored by daily fantasy sports league site FanDuel. There, he’ll be vying for a $2 million jackpot, against the country’s top 100 players…Guindi is just one rising star in a constellation of fantasy players in the US and Canada — about 41 million, up 5 million in the last year alone. While only a small percentage is composed of money-hungry DFS players, their numbers are also on the rise. FanDuel expects to pay out more than $500 million in prizes this year and more than $1 billion in 2015. Its active users will likely hit 1 million this year — more than quadruple the previous year. [NYP via Matt]

Remember the Galleon insider trading case? It’s still going on, and most recently, a federal judge has been asked to decide whether or not Raj Rajaratnam’s instant messages can be used in next year’s trial. Raj’s attorney’s, of course, would prefer the conversations to not be fair game, on the off chance he sent any messages to anyone with regard to the whole trading on material non-public information thing but there are others, too, who would like to avoid seeing the big man’s IMs going public.

For instance, there’s Stanley Druckenmiller, who spoke with Rajaratnam “regularly” prior to his arrest, in addition to Jim Pallota and Paul Tudor Jones, all of whom were in a fantasy football league together. None of the other men have done anything wrong but they would likely just prefer to avoid having their (screen)names mentioned in the same breath as an accused criminal. To that end, while she’s all good legally, a “longtime analyst” at George Weiss Associates would rather not have it come to light that she may have had a thing for ole Raj Raj. Read more »

  • 16 Dec 2009 at 1:22 PM

Should I Not Have Done That?

Here are a list of reasons why one could, if you work in an environment with freaky-ass rules, reasonably expect to get fired and/or strongly reprimanded:
* Insider trading (sometimes)
* Banging the boss’s wife
* Pissing in an underling’s mouth
* Aggressive use of whiteboard markers
* Organizing cockfighting events on the floor
* Buying prosties on the company dime.
Here’s why four Fidelity employees did get fired: fantasy football.

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