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Legal
May 22, 2025
MLB Players Gain Momentum in DraftKings Lawsuit
The legal battle between DraftKings and Major League Baseball Players Inc. took another turn as the court rejected the gambling giant’s efforts to shorten the legal battle. US District Judge Karen Marston delivered a sharply worded ruling, shutting down DraftKings’ attempt to fast-track the case to an appellate court. As a result, the lawsuit will […]
Casino
May 22, 2025
DraftKings Faces Class Action Lawsuit Over Claims It Exploits Gambling Addicts
Five people from Pennsylvania have started a federal class action lawsuit against DraftKings. They claim the online sports betting company used tricky marketing tactics to take advantage of people struggling with gambling addiction. Class Action Challenges Legality of DraftKings’ “No Sweat” Bets The lawsuit filed in the US District Court for the Eastern District of […]
Industry
May 19, 2025
DraftKings Keeps Top Spot as Leading Sportsbook App
DraftKings has held onto its number one position in the newest online sportsbook (OSB) app rankings put out by Eilers & Krejcik Gaming (EKG) for the first half of 2025. This is the second time in a row the platform has topped the industry in EKG’s evaluation, pulling ahead of its nearest competitor FanDuel. Fanatics […]
Casino
May 14, 2025
DraftKings Casino Player Flips $0.25 into $1.1M Payday
Winning big is always fun, and while some players have been a little more adventurous, spending $20 on a single spin of the slot reels, other gamblers have been keeping it close to the chest and playing more conservatively. DraftKings Casino Player Hits It Big Off $0.25 Wager As the example of one Pennsylvania player […]
Legal
May 12, 2025
DraftKings Hit With Lawsuit over Micro-Betting Patent Infringement
Popular sportsbook operator DraftKings is being sued for patent infringement in a New Jersey federal court over its micro-betting services. DraftKings Is Being Sued Over Micro-Petting Patents Micro-Gaming Ventures, LLC, a Texas-based entity, is the plaintiff who filed the lawsuit on May 9th in the US District Court for the District of New Jersey. According to […]
Business
May 9, 2025
DraftKings’ Revenues Soar, Underpinned by the Jackpocket Acquisition
American sports betting powerhouse DraftKings has announced its Q1 2025 financial results, highlighting an increase in revenue. The company also revised its adjusted EBITDA forecasts from the previous guidance. In the meantime, DraftKings executives remain bullish on prediction markets. The Company’s Revenues Increased, in Part Thanks to Jackpocket In its Q1 report, DraftKings outlined revenue […]
Business
May 6, 2025
Bet365’s Future in Question as Talk of Sale Gains Momentum
Talk of Bet365 going on sale has got the gambling world buzzing, but many are not sure if Denise Coates, who started the company, is keen to sell. Even though nothing has been announced, rumors that Coates has brought in experts to look into selling or going public have got bankers and investors both excited […]
Legal
April 24, 2025
DraftKings Faces Class Action Over Misleading Gambling Promotions
DraftKings finds itself in hot water again as Pennsylvania residents launch a federal class action lawsuit against the online gambling giant. The suit claims the company uses predatory strategies that push people to gamble and deceive users with promotions labeled as “risk-free.” DraftKings Sued for Allegedly Exploiting At-Risk Gamblers With Misleading Promotions A lawsuit was […]
Sports
April 21, 2025
MLB Players Union Fights DraftKings’ Appeal in NIL Dispute
The Major League Baseball Players Association (MLBPA) wants a federal judge to throw out DraftKings’ attempt to appeal a recent decision in a lawsuit about the unauthorized use of players’ name, image, and likeness (NIL). The union filed a court document on April 17 saying DraftKings’ request for an interlocutory appeal has no basis and […]
Business
April 18, 2025
DraftKings Withdraws Application to Enter Prediction Market Space
In a surprise twist in the shifting prediction markets landscape, DraftKings Inc. has withdrawn its application to become a member of the National Futures Association (NFA), halting, or at least delaying, the company’s planned entry into the rapidly growing sports-based event contract space. This move comes just days before the highly anticipated Commodity Futures Trading […]