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Gambling News - 'Draftkings'
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 […]
Industry
July 29, 2025
DraftKings’ Latest Social Media Number Game Proves a Success
Operators are constantly seeking new ways to engage players, often resorting to expensive marketing campaigns and tempting promotions. DraftKings’ latest campaign on X has now amassed over a million views and thousands of comments, despite not mentioning a prize. Thousands of Players Joined the Game Unlike more elaborate campaigns with strict rules and clearly defined […]
Industry
July 29, 2025
Massachusetts Fines DraftKings over Credit Card Violations
The Massachusetts Gaming Commission (MGC) has slammed DraftKings with a fine for multiple violations of the state’s gambling rules. According to the regulator, the gambling company repeatedly allowed its players to fuel their sports betting accounts via credit cards. DraftKings Had Failed to Prevent Users from Betting with Credit Cards The MGC understood that, between […]
Industry
July 25, 2025
Drive by DraftKings to Invest More in Real-Money Gaming
Venture capital firm Drive by DraftKings has announced its intention to intensify its focus on real-money gaming (RMG) with the launch of its second fund, highlighting the sector’s rapid growth and its transformative impact on user engagement with entertainment. Drive by DraftKings to Double Down on the Evolving RMG Market Drive’s confidence comes at a […]
Legal
July 17, 2025
DraftKings Settles Problem Gambling Lawsuit in New Jersey
Leading gaming and betting operator DraftKings has settled a problem gambling-related lawsuit in New Jersey. The case in question related to a customer who was allowed and encouraged to play despite exhibiting signs of harm. Compulsive Gambler Misused His Family’s Savings The original lawsuit was filed last year by the problem player’s wife, Lisa D’Alessandro. […]
Business
July 15, 2025
DraftKings In Strong Financial Position to Gain, Says Morgan Stanley
Morgan Stanley has issued a new assessment of DraftKings’ business, arguing that the sports betting company, which is supposedly making overtures for Railbird, a prediction market platform, is set to far surpass its $225m EBITDA in Q2 2025. DraftKings’ EBITDA Forecasts Stronger Than Expected This figure is already higher than DraftKings’ own guidance set at […]
Business
July 15, 2025
DraftKings Eyeing Prediction Market Platform Railbird
DraftKings has been trying to get skin in the prediction market game for a long while now. The company has attempted to launch a proprietary platform, DraftKings Predict, which registered with the National Futures Association (NFA), but there has been little to expand on this after the fact, not least because the company’s registration with […]