FanDuel CFO Matt King told PBS’ “Frontlines” that his company and Daily Fantasy Sports is not gambling but rather entertainment. He also upset some in the poker community by claiming that poker is not a game of skill but is indeed a form of gambling.
“Every time that you talk to our users,” says King, “what comes through loud and clear is the fact that we are an entertainment product.”
In regard to poker, King said “the reality is within poker, every time you shuffle the deck, it creates an element of luck that trumps it basically to being much more a chance-dominated game than a skill-dominated game.”
King compared the DFS industry with that of social gaming.
“ When you talk to people about fantasy sports, it’s a social activity. It’s about competing with their friends … but we are clearly very focused on making sure that everybody in the industry operates with the highest degree of integrity.”