Tag: DraftKings
New Jersey trial a win-win for DraftKings, FanDuel, Jefferies analyst say
Whatever the outcome of a trial in New Jersey, its result favors both DraftKings and FanDuel parent Flutter Entertainment, Jefferies Equity... more
DraftKings boosted by in-play betting, analyst says
Jefferies Equity Research analyst David Katz perceived “strengthening trends around in-play betting,” or proposition bets, which called... more
DraftKings CEO says best prediction-market opportunities are in states without online sports betting
DraftKings CEO Jason Robins said the company continues to monitor prediction markets, but is keeping the strategy close to the vest for... more
Baltimore bets on novel approach to rein in DraftKings, FanDuel
A former Baltimore city solicitor praised the lawsuit the city filed in April against DraftKings and FanDuel, noting it’s a novel legal... more
Wyoming’s investment in DraftKings feeds debate over gambling stocks
As football season kicked off on Thursday, fueling the biggest sports gambling season in the nation, the state of Wyoming owns a stake in... more
Wall Street Bets: Online sports betting, Churchill, Wynn Resorts, Las Vegas Strip
Prediction markets for DraftKings, FanDuel? Daniel Politzer of J. P. Morgan on September 2 looked at why prediction markets may be enticing... more
DraftKings said it acted properly in voiding Iowa man’s $14.2 million payout
An online sportsbook that voided an Iowa man’s golf-tournament wagers, denying him $14.2 million in purported winnings, says it retains... more
Wall Street Bets: Flutter teams with CME Group, Empire Resorts
Flutter’s announcement last week that it was teaming up with derivatives exchange CME Group drew widespread interest from Wall Street... more
DraftKings to ban credit card funding starting Monday
In July, the Massachusetts Gaming Commission (MGC) fined DraftKings $450,000 for allowing bettors to use funds deposited by credit cards in... more
DraftKings launches Golden Nugget online casino in Ontario
DraftKings has launched its Golden Nugget Online Gaming brand in Ontario, after it was granted a license by the Alcohol and Gaming... more
