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Business
August 28, 2024
Co-Founders Liberman and Robins Sell Over $10M of DraftKings Shares
DraftKings co-founders Paul Liberman and Jason Robins have collectively sold over $10 million worth of the company’s shares in the last few days. Liberman and Robins Sold Thousands of Shares Liberman, who serves as DraftKings’ president of global tech and product, sold 78,466 shares on Monday for approximately $3.15 million. The shares were sold in […]
Legal
August 27, 2024
DraftKings in $65M Payment Battle with NFL Players Association
Earlier this month, the NFL Players Association (NFLPA) decided to take the leading gaming and betting operator, DraftKings, to court over an alleged breach of a licensing contract. The lawsuit stemmed from the American betting giant’s decision to shut down its non-fungible token (NFT) marketplace and Reignmakers, a popular NFT-based fantasy sports game. DraftKings and […]
Legal
August 22, 2024
Lawsuit Alleging That DraftKings Misled Customers Proceeds
American betting giant DraftKings has failed to dismiss a class action lawsuit by the Public Health Advocacy Institute. According to a report by Next.io, the class action will now proceed, adding to the operator’s ongoing legal woes. The class action stems from PHAI’s claim that DraftKings offered misleading sign-up bonuses that didn’t properly convey all […]
Poker
August 22, 2024
DraftKings Casino Adds Online Poker Option in Michigan
DraftKings Casino players will be able to join Electric Poker for a brand-new experience that will focus on true poker gameplay. This is not a video poker game, even though it’s tucked under the casino lobby. DraftKings Casino Grows to Offer Poker Rather, players who have DraftKings Casino accounts will be allowed to join the […]
Legal
August 21, 2024
NFLPA Takes DraftKings to Court over Alleged Breach of Contract
The NFL Players Association (NFLPA) is taking the American betting giant DraftKings to court over an alleged anticipated breach of contract. The association is seeking damages, although many details are still unknown. The lawsuit was filed on August 20 in the Southern District of New York. However, court documents are not yet publicly available, enshrouding […]
Sports
August 20, 2024
FanDuel’s Strategic Moves Allow It to Gain Advantage in Betting Race
In the growing sports betting landscape across the United States, two leading operators solidified their presence as leaders. With many analysts acknowledging that the market is in a “duopoly” form, DraftKings and Flutter Entertainment’s FanDuel continue to hold a significant share of the sector. With percentages varying from one month to the other, generally speaking, […]
Sports
August 15, 2024
DraftKings Lawsuit Over “Misleading” Risk-Free Wagers Dropped by Plaintiff
DraftKings has been in a tough spot. It mistakenly sent an email to its users that there had been an issue with their golf bets (even though many players had not bet on golf), causing a surge of panicked users to log in and temporarily overload the websites. DraftKings Gets Relief in New York Class-Action […]
Industry
August 15, 2024
DraftKings Sends Mass Email, Raises Cybersecurity Concerns
An unexpected “Dead Heat Reduction” email sent by DraftKings raised concerns among customers of the popular betting and gaming operator earlier this week. Many customers thought that their account may be hacked as the email contained information about golf bets that were settled under the Dead Heat Reduction rules. This was the case considering that […]
Industry
August 14, 2024
FanDuel Makes Up Its Mind, Says No to DraftKings Surcharge Idea
Flutter Entertainment did not take long to mull things over. The company, which is based in Dublin, used the occasion of its earning call to openly state that it would not be implementing a “surcharge,” which was proposed by DraftKings two weeks ago as a way to ease the financial pain in states that collect […]
Sports
August 12, 2024
DraftKings May Reap $270M from Surcharge if Gamble Succeeds
Yet, this may not be the only consideration that has played in DraftKings’ recent decision to apply a surcharge that is designed to help the company compete against the black market and offer better odds back to its customers. DraftKings Primed to Reap Benefits of Surcharge – Maybe It doesn’t hurt that the surcharge, to […]
