DraftKings Files Motion To Dismiss Securities Suit From Short-Seller Report

Late last month, DraftKings filed a motion to dismiss an amended complaint in litigation surrounding securities laws. The litigation stems from a class-action lawsuit filed in July 2021 alleging that DraftKings violated federal securities laws. In particular, the lawsuit alleged that DraftKings made false or misleading statements about the company’s relationship with SBTech. The case […] Read More
Posted on: March 22, 2022 | Sports Betting | John Holden
Oregon sports betting

Oregon Sports Betting To Get DraftKings Sportsbook After Lotto Approval

DraftKings Sportsbook will take over the only Oregon sports betting app as soon as possible after the Oregon Lottery approved the switch. The Oregon Lottery Commission unanimously approved the switch to the namesake DraftKings app from the SBTech-powered Scoreboard. The change has been in the works for a while now: Director Barry Pack first mentioned […] Read More
Posted on: August 27, 2021 | Regulation Sports Betting | Matthew Waters

Analysis: What To Make Of SEC, IRS Investigations Into DraftKings

Before DraftKings announced its blockbuster acquisition of Golden Nugget Online Gaming, the company released its second-quarter results and mentioned an interesting development in its Securities and Exchange Commission (SEC) filings. Following the earnings release this month, company CEO Jason Robins told Barron’s that the company is on the path to “profitability in a state in […] Read More
Posted on: August 23, 2021 | Opinion Regulation Sports Betting | John Holden
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