Legal
June 16, 2021
DraftKings Upset after Hindenburg Research Accuses It of Involvement in Illicit Activity
DraftKings is in bed with organized crime and money launderers. That’s what someone with Hindenburg Research would have everyone believe, although the individual (or individuals) may have ulterior motives. The gaming operator was called out yesterday by Hindenburg, a noted short-seller, resulting in DraftKings’ stock price registering a sizeable drop. DraftKings has responded to the […]
Sports
June 14, 2021
Illinois Posts April Handle Down 15.2% Month-over-Month
Following a busy two months for the state of Illinois, April numbers fell from March by around 15.2% of the sports betting handle as the college betting craze has subsided a little. Sports Betting Handle Goes Down in April Even though it took a while, Illinois has finally produced the April sports betting results, which […]
Sports
June 14, 2021
New Jersey Helping DraftKings Remain Focused on Future Growth
DraftKings is inarguably one of the most recognized names in the sports gambling industry. It was among the first to launch in the US and the first to become a public company after it hooked onto a SPAC a little more than a year ago. Although it continues to sign new partnerships and alliances that […]
Industry
June 11, 2021
DraftKings and AGA Join Forces to Promote Responsible Gambling
DraftKings is joining forces with the American Gaming Association to promote responsible gambling. The operator will promote the AGA’s “Have A Game Plan. Bet Responsibly.” campaign both online and at its retail locations. DraftKings Commits to Responsible Gambling with AGA DraftKings, the leading US daily fantasy and sports betting operator announced on Thursday that it […]
Blockchain
June 11, 2021
DraftKings Major Shareholder Pays $11.75M for CryptoPunk NFT
A major shareholder at a US sportsbook paid nearly $12 million to acquire a non-fungible token (NFT) of digital art, the latest cry among people with money burning in their pockets. Technology in Business, Technology in Art CryptoPunk#7523, one of the CryptoPunks series of digital art characters visualized over 10,000 pixels and created by Larva […]
Blockchain
June 10, 2021
DraftKings’ CEO Says Regulation Only Deterrent to Crypto Adoption
Cryptocurrencies are a viable payment option for DraftKings, argues chief executive Jason Robins, but lack of regulatory clarity prevents their adoption. DraftKings CEO Talks Crypto Implementation DraftKings has long been looking to implement cryptocurrencies as a viable payment method, company chief executive Jason Robins said, but the lack of regulatory clarity has been a deterrent against their mass […]
Business
June 3, 2021
Morgan Stanley Response to DraftKings’ Compensation Plan Causes Stock Dip
DraftKings’ stock suffered a significant blow yesterday, losing 35% in a matter of a few hours. When an analyst with financial giant Morgan Stanley provided his take on the sports gambling and gaming company’s status and showed concerns over its equity-based compensation plan, the stock dipped, but only for a short time. By the end […]
Legal
May 31, 2021
DraftKings Subpoenaed by US Authorities Investigating New York Lobbyist’s Circle
A lobbyist in New York with ties to the gaming industry is under scrutiny by federal regulators. The office of the US attorney in the Southern District of New York, through its public corruption unit, is reportedly investigating Patrick Jenkins, according to the New York Times (NYT), but hasn’t provided any specific details regarding the […]
Industry
May 24, 2021
DraftKings Funds Responsible Gaming Research in Sports Betting
Leading US daily fantasy and sports betting brand DraftKings announced a new initiative in the responsible gaming space after an agreement to provide the International Center for Responsible Gaming (ICRG) with financial support. Science-Backed Responsible Gaming Research DraftKings’ commitment to ICRG’s Fund to Support Research on Sports Wagering will allow the fund to approach researchers […]
Sports
May 21, 2021
DraftKings Joins Bubba Wallace’s NASCAR Team
23XI Racing has teamed up with DraftKings as an official betting, gaming, and fantasy sports partner ahead of the EchoPark Automotive Texas Grand Prix this weekend. Bubba Wallace’s Team Adds DraftKings as Partner DraftKings has teamed up with Bubba Wallace’s team becoming the first official DFS, iGaming, and sports betting partner for 23XI Racing. The move […]