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Sports
June 23, 2025
DraftKings Launches Its Own PAC to Further Industry Causes
DraftKings, one of arguably two dominant sports betting companies in the United States, has filed with the Federal Election Commission (FEC), seeking permission to launch its political action committee (PAC), the firm’s first. DraftKings Files the Paperwork to Form Its PAC According to the Form 1 filing submitted to the FEC, the company is seeking […]
Sports
June 20, 2025
DraftKings Remains Wary as Prediction Markets Gain Popularity
DraftKings is taking a careful approach to joining the growing field of prediction markets, despite the increasing popularity of these platforms across the US. DraftKings Adopts Measured Approach to Emerging Prediction Markets David Katz, an analyst at Jefferies, talked with company leaders at an investment conference in New York. He reports that DraftKings does not […]
Sports
June 19, 2025
DraftKings CEO Blasts Illinois Betting Tax as Harmful
DraftKings chief executive officer Jason Robins has once again criticized Illinois’ new sports betting tax, calling it “incredibly ill-conceived” and warning that it could hurt both the industry and consumers. “It Just Makes No Sense” In a candid interview with CNBC, Robins said the sudden implementation of the tax blindsided operators and will likely force […]
Sports
June 18, 2025
DraftKings and Underdog Jump Ahead in Missouri’s Sports Betting Launch
Missouri plans to introduce legal sports betting this year, and DraftKings and Underdog have gotten a head start by being the first to apply for mobile sports betting licenses. The Missouri Gaming Commission (MGC) stated that these two companies were the only ones to submit applications by mid-June. Sports Betting Goes Live in Missouri December […]
Legal
June 17, 2025
PrizePicks Sues Former Social Media Director over Alleged Non-Compete Breach
PrizePicks has taken its former director of social media, Judah Huffman, to federal court, accusing him of stealing trade secrets and violating a one-year non-compete agreement as he jumped ship to rival sportsbook operator DraftKings. This lawsuit will likely be another test for the enforceability of non-competes across state lines. PrizePicks Alleges Huffman Deliberately Misled […]
Sports
June 13, 2025
DraftKings Plans 50-Cent Fee for Illinois Bets to Offset Tax Increase
DraftKings says it will add a 50-cent charge to every online and mobile sports bet in Illinois starting September 1, 2025. This decision mirrors FanDuel‘s recent action and serves as a direct reaction to new tax laws passed by Illinois lawmakers. Rising Illinois Sports Betting Taxes Threaten Legal Market, Warns DraftKings CEO The new state […]
Sports
June 3, 2025
SailGP Wants You to Bet on It with Bet365, DraftKings and Others
SailGP is hoping to leverage the popularity of sports gambling brands in New York and internationally to boost interest in the competition, which enjoys a solid following despite being misconstrued as a niche sport. DraftKings and bet365 Likely to Take Up SailGP on Its Betting Offer SailGP is exactly what the name makes it out […]
Casino
June 2, 2025
Gambler Who Used Weather Forecast to Win Bets Sues DraftKings
A player who used the weather forecast to one-up bookmakers is now suing DraftKings over the latter’s alleged refusal to pay out and honor a $14.2-million win. The winner of a series of wagers for the 2024 AT&T Pebble Beach Pro-Am has locked horns with the sportsbook, accusing it of breach of contract, trampling of […]
Casino
May 30, 2025
DraftKings Stops Talks to Take Over Sands’ Nassau Coliseum Casino Bid
DraftKings will not join the casino project that Las Vegas Sands once led at the Nassau Coliseum site in Uniondale, say people who know about the situation. Even though they talked earlier about handing it over, the two companies have ended their discussions without reaching a deal. This leaves the planned development’s future unclear just […]
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 […]
