U.S. sports fantasy firms defend integrity after insider bet

[Sports News]

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(Reuters) - The two major U.S. sports fantasy companies defended their businesses' integrity on Monday after an employee used insider information to place bets in the unregulated multi-billion-dollar industry. The statement from the online companies, DraftKings and FanDuel, came after a DraftKings manager admitted last week he inadvertently released data on National Football League fantasy teams and won $350,000 on FanDuel the same week, the New York Times reported. DraftKings and FanDuel said they had policies in place to guarantee that employees do not misuse information at their disposal.

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