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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 […]
Legal
February 26, 2025
DraftKings Wants to Throw Out Privacy Case About Facebook Data Sharing
DraftKings has asked a court to dismiss a case that claims the company broke the Video Privacy Protection Act (VPPA) by sharing user data with Facebook. New York resident Jeffrey Wan filed the case in the Southern District of New York. He says DraftKings tracked how users watched videos and sent this info to the […]
Industry
February 21, 2025
DraftKings Responds to Courier Services Legitimacy Accusations
The recent Lotto Texas jackpot win raised questions about the legitimacy of lottery courier services and officials came out denying said services are doing anything illegal. Courier Services Being Criticized Over Legitimacy To start with some context, Lotto Texas recently saw someone win $83.5 million, the lucky ticket being sold at the Winners Corner TX […]
Business
February 21, 2025
Fitch Assigns Junk Rating to DraftKings, Citing Ongoing Risks
Fitch Ratings has given DraftKings a BB+ Long-Term Issuer Default Rating (IDR) putting the company just below investment grade. The credit rating agency also gave a BBB- rating with an RR1 recovery rating to the gaming company’s senior secured debt, while its senior unsecured convertible notes got a BB+/RR4 rating. However, Fitch‘s overall outlook for […]
