I am trying to signal-boost what’s become a concerning trend in the fantasy sports industry: I now count four different apps that have withheld user funds or are not processing all withdrawals. My main interest is ensuring users are made whole, and that new players don’t sign up when their money may be at risk. I know some of the readers of this newsletter are in positions where you can help to force action. My secondary interest is pointing out that treating the fantasy vs. the house industry as something other than gambling is failing spectacularly outside of the top tier of operators.
Outlast owes multiple five figures to more than one person (I’m one of them) and over $100k to another friend of mine. They allege that there’s a “delay” with a merchant partner or something else ridiculous. It’s been more than 18 months since they processed anything for me.
Thrive did the same thing back in 2021. They got bailed out by VC money and paid out. That won’t be happening this time.
Yup! Outlast got me too
Outlast owes multiple five figures to more than one person (I’m one of them) and over $100k to another friend of mine. They allege that there’s a “delay” with a merchant partner or something else ridiculous. It’s been more than 18 months since they processed anything for me.
Thrive did the same thing back in 2021. They got bailed out by VC money and paid out. That won’t be happening this time.