EAST RUTHERFORD, N.J. – U.S. Senator Bob Menendez today joined Congressman Frank Pallone, Jr. (N.J.-06) and East Rutherford Mayor James Cassella at a news conference outside MetLife Stadium to call for safeguards to ensure fairness, transparency and a level playing field for fantasy sports enthusiasts participating in online daily games. Sen. Menendez also called attention to the hypocrisy of professional sports leagues in opposing sports betting while holding lucrative financial stakes in daily fantasy sports.
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Menendez and Pallone sent a joint-letter last week to the Federal Trade Commission (FTC), urging it to explore and implement necessary safeguards after it was revealed that employees of these fantasy gaming sites with access to inside information were playing on rival sites and pocketing big winnings.