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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In a surprise twist in the shifting prediction markets landscape, DraftKings Inc. has withdrawn its application to become a member of the National Futures Association (NFA), halting, or at least delaying, the company’s planned entry into the rapidly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 […]
Industry
April 7, 2025
Baltimore Takes Leading Operators to Court for Alleged Exploitative Practices
The City of Baltimore has launched a groundbreaking lawsuit against two of the biggest names in US sports wagering, FanDuel and DraftKings. The operators face accusations of conducting deceptive marketing practices and exploiting individuals with gambling addictions, leading to increased gambling harm and violating local consumer protection laws. The Two Operators Reportedly Encouraged Compulsive Gambling […]
Sports
March 24, 2025
DraftKings Considers Prediction Markets as Regulations Shift
DraftKings keeps a close eye on changes in regulations as it thinks about joining the prediction markets field. Analysts at Citizens JMP pointed out the company’s interest in this area saying that DraftKings hopes for a good decision from the Commodity Futures Trading Commission (CFTC). CEO Jason Robins Discusses DraftKings’ Future and Potential Expansion At […]
Legal
March 18, 2025
PA Court Rejects DraftKings’ Motion to Dismiss MLB Union Lawsuit
In the autumn, a baseball player union filed a lawsuit against several betting and gaming operators with strong presence in the United States. The legal claim, filed by the Major League Baseball Players Association (MLBPA) claimed that betting companies misused name, image and likeness (NIL) of baseball players without the required licensing or consent. Motion […]
Business
March 12, 2025
DraftKings Moves Toward Prediction Markets with NFA Registration
DraftKings seems to be getting ready to jump into the prediction market arena. The company has registered a new entity, DraftKings Predict, with the National Futures Association (NFA). This step shows that DraftKings wants to grow beyond regular sports betting into a market that is catching the eye of both regulators and big players in […]
Legal
March 10, 2025
DraftKings Extortion Case Proceeds to Court
DraftKings will have to defend its stance in court after a New York federal court partially denied the company’s motion to dismiss an extortion action filed by former professional poker player Steven Jacobs. The ruling allows key allegations against the sports betting giant, like aiding and abetting assault and battery, to move forward, marking a […]
Sports
March 7, 2025
NBA Handle Grows After Luka Doncic Trade, DraftKings CEO Suggests
In the beginning of February, the Dallas Mavericks parted ways with Luka Doncic, who was acquired by the Los Angeles Lakers. The unexpected transaction, recognized by some analysts as a blockbuster deal, saw the Lakers tap into the talent of Doncic. Now, more than a month later, the transaction continues to make waves with the […]
Lottery
March 3, 2025
DraftKings to Suffer Only Mildly in Texas over Jackpocket
According to a recent Eilers & Krejcik Gaming report, Texas could have represented $57 million or 25% of the total US lottery courier revenue in 2025, but this is no longer viable following a brief legislative flare-up in the Lone Star State, which saw the prohibition of such apps. Jackpocket Quick to Celebrate Unsuspecting of […]
