DraftKings

DraftKings announced Monday that it has entered into a business combination agreement with Diamond Eagle Acquisition Corp. (NASDAQ: DEAC) to become a publicly traded company. The transaction is expected to close in the first half of 2020. Once the transaction is closed, Diamond Eagle intends...

DraftKings CEO Jason Robins and Chris Halpin, the NFL executive vice president chief of strategy and growht officer, spoke Monday at the Forbes Under 30 Summit in Detroit about the future of fantasy sports and legalized sports betting. DraftKings is an American fantasy sports content provider...

DraftKings' sports betting launch in New Jersey has been immensely successful and the company is eyeing consistent growth as it launches into more states. Since the company launched legal sports betting in New Jersey in August of 2018, CEO Jason Robins says the state now makes up nearly a third...

In a show of how Americans are increasingly able to bet legally on sports, a big Heartland state became the second this year and the 10th overall to legalize sports betting. And two companies announced the biggest media investment yet in sports betting. The developments sum up the...

Tiger Woods threw up his arms and joined a jubilant Masters crowd in celebrating his win Sunday, easing 14 years of injury- and scandal-related frustration since his last win at Augusta. But while Woods roared and his fans went wild, the burgeoning American sportsbook industry felt like it just hit...

One of the biggest names in casinos is laying down odds that sports betting will be big business, with Caesars Entertainment Corporation (NASDAQ: CZR) saying Monday it will take an equity stake in DraftKings, an emerging leader in the new sports gambling arena. What To Know DraftKings, which...

FanDuel and DraftKings are two of the leading daily fantasy sports companies that continue to face strict opposition from lawmakers and are even banned in some states such as New York. Regardless of the hostile climate toward online daily sports betting sites, the two companies are in talks to...

Yahoo! Inc. (NASDAQ: YHOO) is said to have informed users of its daily fantasy sports (DFS) platform that they can no longer make deposits using their credit cards. But, Yahoo said it would continue to accept DFS deposits using the Paypal Holdings Inc (NASDAQ: PYPL), according to a report on...

New York's Attorney General Eric Schneiderman declared earlier this week that FanDuel and DraftKings were operating illegally. Schneiderman stated that the fantasy sports betting site was operating as a gambling company. FanDuel is fighting back against the ruling, accusing the attorney general of...

The state of New York has banned DraftKings and FanDuel, two fantasy sports betting sites. New York Attorney General Eric Schneiderman said the sites accept money from clients who illegally bet on sporting event outcomes. The list of companies with ownership stakes in DraftKings and FanDuel are...

The state of Nevada has ruled that daily fantasy sports is gambling and is therefore illegal to operate in the state without a license. The ruling is the first major post-scandal regulatory blow for FanDuel and DraftKings. With several investigations ongoing, the full extent of the regulatory...

Anyone who has watched the NFL this year has undoubtedly been inundated with advertisements for FanDuel and DraftKings, the biggest players in the now-booming world of daily fantasy sports. Fantasy sports have been around for a while, with sites like Yahoo and ESPN among the most popular. The...

Despite the recent scandal, leading daily fantasy sports sites reported a season-best NFL weekend this weekend. The negative coverage surrounding the scandal may actually have served as a positive for the business by raising public awareness. The biggest threats to the DFS business many...

The scandal involving FanDuel and DraftKings employees with access to company data playing for money on rival sites has prompted a joint statement by the two companies. For now, the companies are banning employees from playing on rival sites. The scandal could soon lead to increased...

Fantasy sports has become a billion-dollar industry as players create fictional teams using their favorite players. Every sport from golf to football has a fantasy league in which players spend money to join tournaments and compete against fellow enthusiasts. As fantasy gaming picks up speed,...