by Michael Molter | Apr 2, 2025 3:06 pm | Legal
DraftKings and FanDuel executives met with tribal representatives in California at the Indian Gaming Tradeshow & Convention to discuss a potential partnership. The Sports Betting Alliance’s proposal seeks to license sportsbooks while ensuring revenue-sharing...
by Michael Molter | Dec 9, 2024 11:28 am | Sports Betting
As a bipartisan issue, Senators Mike Lee and Peter Welch wrote to the Federal Trade Commission asking for an investigation into DraftKings and FanDuel – two sportsbook operators who control over three-fourths of the US betting market. The sportsbooks faced a similar...
by Michael Molter | Jun 21, 2023 1:52 pm | Sports Betting
Fanatics entered into an agreement with PointsBet US to acquire the company for $150 million in an effort to grow in the legal sports betting industry. DraftKings entered the mix weeks later, placing a bid of $195 million in cash to acquire PointsBet US. DraftKings’...
by Michael Molter | Nov 21, 2022 1:40 pm | Legal
MaximBet shutdown just a few days after FuboTV announced their ceasing of operations. Cannibalization of sportsbooks may continue as sportsbooks struggle and customers lodge complaints. INDIANAPOLIS – Last week, MaximBet released a statement ceasing operations...
by Giovanni Shorter | May 19, 2022 10:43 am | Sports Betting
DraftKings officially launches its sportsbook in Ontario, Canada, continuing its North American expansion. DraftKings joins the likes of Caesars, BetMGM, FanDuel, and PointsBet in Ontario. 13 total operators have been approved to offer sports betting apps in Ontario....
