Ed Miller: Daily Fantasy Sports Model “Totally Broken” In Status Quo

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Crack in the foundation

Ed Miller, best known to most for his work as a poker strategist, has lately been peppering his Twitter feed with a variety of observations on the daily fantasy sports industry.

Earlier today, Miller crystallized his core criticisms of the current DFS model:

Miller coupled the warning with some simple prescriptions for improving the situation:

There’s a lot of back-and-forth on the individual tweets that speaks to the potential complexity lurking behind Miller’s apparently straightforward solutions.

Miller’s comments are part of a growing chorus of concerns about the viability of the underlying structure of DFS and whether or not those structural issues are an existential threat currently papered over by rapid growth or simply bumps in the development path that competition will smooth out.