DraftKings, Airbnb Exploit Loopholes to Cash In (‘The Boston Globe’)



Recent news that the FBI has been making inquiries into the fantasy sports website DraftKings has caused a stir, but DraftKings “isn’t the only company staying just on the right side of poorly crafted laws,” reports The Boston Globe. “By describing themselves as mere communications platforms for people who want to rent out their spare bedrooms or the passenger seats in their cars, companies like Airbnb and Uber have sidestepped onerous municipal rules that govern short-term lodging and taxicab services.”

The Globe talks to Sydney Finkelstein, a professor at Dartmouth’s Tuck School of Business, about businesses that exist at the margins of current regulations. “The idea of pushing the envelope and getting close to the edge is not new,” Finkelstein says. “Regulators have always been playing catch-up.”

Read the full story, published by The Boston Globe.

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