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DraftKings Inc. is an American gambling company based in Boston, Massachusetts. It offers sportsbook and daily fantasy sports (DFS) services. The company was originally launched in 2012 as a DFS provider, competing principally with the New York–based FanDuel .
DraftKings stock has tripled since going public via a SPAC merger in 2020, and so far in 2025, it's already up 44%. This story was originally featured on Fortune.com Show comments
In April 2021, amid discussion of a FanDuel Group initial public offering, Fox sued Flutter over its option to acquire a stake in FanDuel, stating that Fox's purchase price should be at a $11.2 billion valuation, the same as Flutter's purchase price of FanDuel in December 2020, rather than based on Flutter's valuation of fair market value as of ...
The new entity went public on September 12, 2023, ... DraftKings: WWE's fantasy ... While the show did go on, ...
WASHINGTON (Reuters) -Democratic Senator Richard Blumenthal urged Delta Air Lines and DraftKings on Friday to halt a partnership to offer in-flight gaming to passengers. Blumenthal sent letters to ...
DraftKings stock soared Friday morning after the sportsbook operator outlined a narrower-than-anticipated loss in 2023 and a path to profitability by 2024 during its fourth-quarter earnings call.
In March 2017, Eldridge Industries led a round of funding estimated at over $100 million for DraftKings, a daily fantasy sports contest provider. [ 29 ] [ 30 ] DraftKings purchased a stake in Vivid from Eldridge Industries, when the company went public in October 2021. [ 31 ]
Daily fantasy sports (DFS) are a subset of fantasy sport games. As with traditional fantasy sports games, players compete against others by building a team of professional athletes from a particular league or competition while remaining under a salary cap, and earn points based on the actual statistical performance of the players in real-world competitions.