U.S. stocks tumbled on Monday as protests in China raised the risks to global growth and Federal Reserve policy makers said more interest-rate increases are needed to control inflation. How Read more
Tag: DKNG
Sports-betting measures Prop. 26, Prop. 27 on their way to losing big in California
Voters in California appeared to have soundly rejected dueling sports-betting initiatives, which together raised more than $400 million, on Tuesday. Proposition 26, put forth by many of the state’s Native Read more
FanDuel now valued at $22 billion for purposes of Fox option, arbitrator rules
Flutter Entertainment on Monday said an arbitrator has determined that the value of U.S. sports betting company FanDuel as of Dec. 2020 was $20 billion. That establishes the current value Read more
DraftKings stock heads for worst day on record as patience with losses ‘remains thin’
Shares of DraftKings Inc. were headed for their worst daily performance on record Friday after the sports-betting company topped revenue expectations but appeared to spook investors with its discussion of Read more
The record-breaking bet on sports gambling in California faces long odds
Two dueling ballot initiatives to legalize sports betting in California have wagered more than $400 million on their campaigns, but with a month to go until voters decide, the resulting Read more
FuboTV will ‘no longer pursue’ in-house sports betting on its own
FuboTV will no longer run its in-house sports betting platform independently, and will be seeking “strategic opportunities” to operate the wagering arm of its business. The American streaming service, which Read more
Calvin Ridley salary: $1,500 in bets could cost him $11 million in salary
The National Football league suspended star wide receiver Calvin Ridley in March for at least one season for betting on NFL games, the league announced. The NFL said Ridley bet Read more
Massachusetts passes bill to legalize sports betting
Lawmakers in Massachusetts have reached a compromise that would legalize online and retail sports betting in the state. In the early hours of Monday morning, the House and Senate groups Read more