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Business
October 15, 2024
DraftKings Expands Portfolio with Mustard Golf Acquisition
DraftKings has announced its acquisition of Dijon Systems, a subsidiary of Mustard Systems, in a deal that aims to elevate the operator’s golf betting capabilities. This strategic move closely follows DraftKings’ acquisition of Simplebet and is part of parent company Flutter Entertainment’s ambitious plans for the remainder of 2024 and beyond. The New Acquisitions Round […]
Sports
October 9, 2024
Hard Rock Open to Collaborate with DraftKings and FanDuel in Florida
Hard Rock International, the current leader in Florida’s regulated sports betting market, suggests it might team up with big names like DraftKings and FanDuel in the future. G2E Insights: Jim Allen Contemplates Alliances with Betting Giants DraftKings and FanDuel Jim Allen, who heads Hard Rock International and runs Seminole Gaming, dropped this hint while chatting at […]
Business
October 4, 2024
DraftKings Shuts UK DFS Platform Down, Ends Business in Europe
DraftKings has decided to put an end to its daily fantasy sports (DFS) operations in the United Kingdom amid ongoing efforts to streamline and optimize the company’s business. Effective immediately, the decision will prevent players from participating in new contests. DraftKings’ Business in Europe Is No More DraftKings has operated daily fantasy sports in the […]
Legal
September 30, 2024
DraftKings Scores Another Victory in Legal Case Against Former Senior VP
The 1st US Circuit Court of Appeals in Boston has upheld a pivotal ruling that limits former DraftKings executive Michael Hermalyn from performing his full work-related duties at sports betting rival Fanatics. The court denied Hernalyn’s appeal to lift an injunction limiting his role at Fanatics, which he joined after resigning from DraftKings in January […]
Industry
September 27, 2024
DraftKings Settles SEC Charges Over Selective Information Sharing
DraftKings has settled with the US Securities and Exchange Commission (SEC) for $200,000 after facing charges about the selective sharing of private information through CEO Jason Robins’ social media accounts. DraftKings’ CEO Posts Spark SEC Concerns Over Unequal Investor Information The problem came from posts on Robins’ personal X (formerly Twitter) and LinkedIn profiles, which […]
Sports
September 25, 2024
New York Lawmakers React Strongly Over DraftKings’ Fee on Winning Bets
DraftKings planned to add a fee to winning sports bets in states with high taxes. This sparked a lot of anger from New York’s rulemakers. DraftKings Drops Surcharge Plan Amid Criticism from New York Regulator DraftKings wanted this fee to help cover the cost of high tax rates. However, they dropped the idea just two […]
Industry
September 19, 2024
DraftKings Contributes $5M to Missouri Sports Betting Legalization Campaign
DK Crown Holdings Inc., the parent company of industry-leading operator DraftKings, has made a significant move in the ongoing effort to legalize sports betting in Missouri by donating $5 million to the “Winning for Missouri Education” campaign. The contribution is Missouri’s most substantial political donation in over 16 years in the push to legalize sports […]
Industry
September 17, 2024
MLBPA Sues DraftKings, FanDuel, and Others Over Image Rights Violations
The Major League Baseball Players Association (MLBPA) has taken legal action against big names in sports betting, including DraftKings, FanDuel, Bet365, and Underdog Fantasy. The MLBPA claims these companies have used player names and images without permission. MLBPA Accuses Sports Betting Giants of Exploiting Player Images Without Licensing Agreements On September 16, 2024, the MLBPA […]
Sports
September 16, 2024
Massachusetts Regulator Investigates DraftKings Over 1.2M Misguided Emails
DraftKings faces an investigation by the Massachusetts Gaming Commission (MGC) after a big mistake led to over 1.2 million unwanted emails sent to state residents, including people on a voluntary self-exclusion list. DraftKings Sends Bonus Bet Emails to Unregistered Users DraftKings sent these emails in August telling recipients about a “bonus bet” they would get […]
Business
September 11, 2024
DraftKings Eyes Other Solutions to Deal with Taxes after Surcharge Failed
DraftKings recently gave up on its plans for a surcharge fee after it received а strong backlash from its customer base. Fans were not on board with the changes, which caused an immediate blow to the operator’s stock. The company might have given up on the surcharge but it is still looking for ways to […]