DraftKings has hired former FBI Special Agent Roy Pollitt as Vice President for Regulatory Affairs.
Pollitt, who spent 17 years with the FBI, was the lead agent in a seven-year international money laundering investigation into illegal online gaming and the payment processing industry affecting the US financial system.
Pollitt also has experience investigating fraud cases including money laundering, bank fraud, embezzlement and racketeering. Most recently, he spent seven years as Managing Director and Head of Investigations at Exiger, a US consulting firm that has been with DraftKings for several years.
Exiger advised DraftKings during a high-profile lawsuit with New York City officials over the legalization of DFS in the state in 2016.
During this period, Pollitt advised the operator on AML and compliance issues. Exiger has also worked extensively with international banking giant HSBC.
In his new role as vice president, Pollitt will be responsible for leading and scaling all U.S. and international regulatory operations for the company and serve as the primary point of contact for all regulatory agencies.
In addition, he will work across the organization and in collaboration with internal teams including compliance, legal, products, technologies and operations to develop, implement, manage and measure internal controls.
Pollitt will also oversee launch readiness in terms of regulating DraftKings' new products and markets, from the firm's New York office, where he will report to DraftKings co-founder and president of global products and technology, Paul Lieberman.
“I am delighted to welcome Roy Pollitt to the DraftKings team, where he will play an important role leading our regulatory function in the US and internationally,” Lieberman said.
"Roy brings unparalleled experience and a unique perspective to this position as an expert regulatory consultant for large public companies and an FBI special agent investigating complex fraud cases in a variety of industries including banking, gambling, payment processing and securities," - he said. added.