ESPN Pulls Fantasy-Sponsored Segments

ESPN announced Tuesday that it would no longer air sponsored content for DraftKings and FanDuel, two fantasy-sports websites embroiled in an insider trading controversy but would still run ads for the companies. The New York Times reported Monday that a DraftKings employee confessed to inadvertently releasing data before the the third week of National Football League games, a move considered similar to insider trading in the stock market. The midlevel employee managed to win $350,000 at rival site FanDuel that same week. The company said Tuesday that it conducted a thorough investigation and allege that the employee did not have an unfair advantage.

Correction 10/6/15 3:23 PM: The article previously stated that ESPN would stop airing ads.