DraftKings and other online sports gambling companies ply players with easy smartphone apps to place their bets. DraftKings, the NFLPA asserts in the lawsuit filed a couple of weeks ago in New York federal court, collects billions of dollars in revenue “based on a simple premise: if a DraftKings customer places a losing bet, that customer must still pay up.” …
ALBANY, N.Y. — New York’s highest court ruled Tuesday that fantasy sports contests like those run by FanDuel and DraftKings are allowed under the state constitution, turning back a challenge to the popular games. The state Court of Appeals reversed an appeals court’s decision last year that found interactive fantasy sports violated the state constitution’s ban on gambling. “New York …
DraftKings Inc said on Wednesday basketball legend Michael Jordan will take an undisclosed equity stake in the fantasy sports and gambling company and join its board as a special advisor. Jordan has agreed to take an equity interest in DraftKings and will provide strategic and creative advice on areas including product development and marketing, the sports betting company said on …
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