NHA Customers in Limbo as Company Faces Potential Merger

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00:00 (upbeat music)

00:02 - Looks like there's a merge going on here

00:08 with another company.

00:09 What's the latest with this?

00:11 - Yeah, so No House Advantage is the Daily Fantasy,

00:15 you know, sports betting operator,

00:16 really treated their customers poorly.

00:19 I mean, as the site was shutting down,

00:21 customers were uncertain, how do we withdraw our money?

00:24 There was a PDF form the company set out,

00:25 looked, forgive me for the words, I mean, it looks shady.

00:28 You know, it's not the way a lot of these companies,

00:30 you know, if you're on the FanDuel app,

00:31 wanna withdraw money, just go into the app,

00:33 they have all your information,

00:35 and you get your money within, I don't know,

00:36 24, 72 hours, whatever it is.

00:38 But, you know, this No House Advantage

00:41 wasn't communicating with their customers well,

00:43 process was a complete shambles,

00:45 and, you know, credit to Better here for stepping up.

00:47 I mean, they are able to acquire,

00:48 I think it's like 14,000 customers here.

00:51 But if you withdrew from No House Advantage already,

00:54 you would do it through No House Advantage,

00:55 they'll complete those transactions.

00:56 But Better taking on a lot of outstanding balances

00:58 and, you know, the customers potentially

01:00 from No House Advantage can't transition to Better,

01:02 see if they like the app,

01:03 otherwise they can withdraw their money

01:04 and Better's gonna, you know,

01:06 not keep them from those funds.

01:08 So credit to Better here.

01:08 I mean, they have not done well

01:10 with sports betting in the US,

01:11 obviously they've had slow starts in Ohio,

01:15 in Massachusetts, right?

01:16 I mean, they're practically a tax write-off at this point

01:19 for what they're getting in, you know,

01:21 this Jake Paul owned group.

01:22 I mean, a lot of people wanna bet on Jake Paul,

01:24 they don't wanna bet with him.

01:25 So, but again, credit to Joey Leevin Better here.

01:28 He's based in Miami, No House Advantage,

01:29 they're based in Miami.

01:30 So I don't know if there's a connection there

01:32 between the No House Advantage founders and him,

01:34 but, you know, credit to Better

01:35 for hopefully settling these bets

01:36 and a lot of these customers who were upset

01:38 about where their money is,

01:40 can get that money or play through it on the Better app,

01:43 with Better Picks.

01:44 But again, that's one of the companies that is, you know,

01:46 in this Florida court case,

01:48 potentially in terms of, you know,

01:51 their daily fantasy sports operations

01:52 and the State Gaming Commission saying, you know,

01:54 you need to cease and desist at this time.

01:56 (upbeat music)

01:59 [MUSIC]

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