Shares in US sports betting operator DraftKings soared this week as news broke that Ark Investment was adding the up-and-coming stock to its portfolio. Wall Street saw DraftKings' shares spike ten percent on the news and Ark officials say they see nothing but an upside to sports betting and e-sports investing. According to an official…
DraftKings has quickly emerged as one of the leading players in the rapidly expanding world of regulated US sports betting. Along the way, they've trashed a lot of the taboos that had long been held out by anti-sports betting advocates as arguments against regulated sports betting. For example, DraftKings has blazed a trail of marketing…
DraftKings has announced a new deal with the Mashantucket Pequot Tribal Nation (MPTN) - operators of the Foxwoods Resorts Casino in Connecticut, which positions them to be a major player in the East Coast regulated sports betting market. But what the deal accomplishes today is merely an opening act for a much bigger move down…
DraftKings is proving the old business adage that it takes money to make money by losing nearly $350 million in Q3 2020. But those losses are hardly the harbinger of a failing business. In fact, DraftKings is gaining value at a rapid clip and is certainly a contender in the sweepstakes to dominate the newly…
Iowa gambling regulators recently hit DraftKings, and several other operators, with fines and warnings for failing to properly maintain legally mandated self-exclusion lists. But the big-time national sports betting operator and its fellow self-exclusion slackers suffered only a slap on the wrist for their failure to comply with Iowa rules and regulations. DraftKings' Iowa trouble…
DraftKings has recently confirmed that it has joined the International Betting Integrity Association (IBIA). It's a move that will significantly enhance the operator's ability to monitor international betting markets for the kinds of anomalies that suggest potential match-fixing and point shaving activities. The IBIA operates in markets across the globe and is considered to be…
DraftKings is upping its connections with professional sports as it signs on as the official sports betting partner of Wrigley Field. It's another sign of American professional sports leagues' complete capitulation to regulated sports betting. Under the terms of the deal, DraftKings is to take the mantle of "the official sports betting and daily fantasy…
DraftKings is getting into the swing of regulated U.S. sports betting by launching a nationwide NFL pick 'em that features a $1 million grand prize. It's a move designed to normalize sports betting in the US market by competing with more established pick 'ems like the Super Contest at the Westgate in Las Vegas. Here's…
DraftKings is feeling the love from Wall Street investors since its stock went public and, despite posting losses of nearly $69 million in Q1, its stock just keeps rising. The little daily fantasy sports company (that was never interested in sports betting, remember?) is now poised to become a permanent and dominant force in the…
DraftKings is set to become the first publicly traded sportsbook in US history today when its stocks go public on the NASDAQ stock exchange. The little daily fantasy sports operation that once eschewed any notion that it was involved in sports betting is now poised to dominate the burgeoning US sports wagering market and make…
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