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Business
September 10, 2025
Jefferies, Confident About DraftKings Amid In-Play Betting Surge
DraftKings looks ready to take advantage of one of the fastest-growing trends in online sports betting, namely, in-play and proposition wagers. At least, that’s the latest assessment from Jefferies Equity Research analyst David Katz, who, in a September 9 investor note, pointed to “strengthening trends around in-play betting” as a key driver for the operator. […]
Sports
September 9, 2025
DraftKings CEO: Sportsbooks Have the Upper Hand Over Prediction Markets
The NFL season’s start has led to DraftKings seeing record-breaking betting activity. CEO Jason Robins talked about the company’s progress and its stance on the growing trend of prediction markets. At the Bank of America Gaming and Lodging Conference last week, Robins said prediction markets might gain a foothold in states where sports betting is […]
Sports
August 28, 2025
DraftKings Launches Responsible Gambling Month Campaign in September
DraftKings has launched a new campaign on the occasion of Responsible Gaming Education Month (RGEM), which is kicking off in September and is running annually. The campaign will seek to once again promote and push responsible gambling messages and focus on communicating this messaging to its millions-strong audience. DraftKings Doubles Down on RG During September […]
Legal
August 27, 2025
DraftKings Says It Was Right to Void Golf Bettor’s $14.2M Payout
US betting and gaming giant DraftKings has insisted that it was in the right to void the wagers of an Iowa man who was set to win some $14.2 million. The operator insisted that its policy allows it to cancel any bets due to errors. A Player’s Bets Were Voided The situation stems from the […]
Business
August 22, 2025
DraftKings Puts an End to Credit Card Deposits
US sports betting and gaming powerhouse DraftKings has informed its American customers that it will no longer accept payments with credit cards. The decision comes amid broader efforts to minimize gambling harm in the US and prevent harmed customers from overspending. The Change Applies to DraftKings’ Sportsbook and Online Casino The change was communicated to […]
Sports
August 21, 2025
DraftKings Is Looking for Admission into National Futures Association Once Again
DraftKings may have objections to prediction markets, but the vertical seems poised to stay, and this means mainstream betting companies need to adapt on time. In the case of DraftKings, this is done through a new application to the National Futures Association (NFA), as the company is planning on running prediction markets on its own. […]
Business
August 15, 2025
3G Capital Exits DraftKings Stake Despite Strong Quarterly Performance
Investment company 3G Capital Partners has sold all its DraftKings shares, getting rid of 70,000 Class A stocks in the second quarter of 2025, as shown in its newest report to the US Securities and Exchange Commission. This sale ends the hedge fund’s connection to the online betting company, which it had started to reduce […]
Business
August 8, 2025
DraftKings Demonstrates Enduring Resilience with Impressive Q2 Financials
DraftKings posted an impressive performance in the second quarter of 2025, setting all-time highs in revenue and Adjusted EBITDA. The iGaming and sports betting giant achieved $1.51 billion in revenue during the quarter, a 37% year-over-year rise. Adjusted EBITDA hit $301 million, more than twice the company’s highest mark, translating to a 20% margin. Sports […]
Sports
July 31, 2025
DraftKings Faces New Deceptive Marketing Class Action Lawsuit
Earlier in the week, we reported on DraftKings’ latest court victory in a proposed class action claiming the operator had used a deceptive $1,000 sign-up bonus offer to lure in new customers. Now, the Boston-based gambling giant is facing a new federal lawsuit accusing it of making use of misleading marketing to draw customers into […]
Legal
July 30, 2025
DraftKings Beats Deceptive Conduct Lawsuit in New York
DraftKings secured a new court victory this week as a federal judge in New York dismissed a proposed class action claiming that the company deceived customers with a sign-up bonus offer. The complaint, filed by New York resident Nerye Aminov, alleged DraftKings falsely advertised a $1,000 deposit bonus to attract new customers. DraftKings Defended Its […]
