DraftKings faces lawsuit over “risk-free” bets
Due to its advertising "risk-free" bets, DraftKings is currently the target of a federal class-action lawsuit in the Southern District of New York.Plaintiff Samantha...
DraftKings appoints first Chief Responsible Gaming Officer
Lori Kalani is the first Chief Responsible Gaming Officer at DraftKings.
She will be accountable for enhancing the organization’s player safety and protection initiatives throughout all facets of DraftKings‘ platforms and player communities, reporting to the chief executive officer Jason Robins of the company.
DraftKings places a high priority on responsible gambling, and building games that their consumers may enjoy responsibly is at the heart of their goal, according to a statement released by Robins. He claimed that DraftKings‘ commitment to establishing new industry standards and to advancing its initiatives related to responsible gambling would be upheld under Kalani’s leadership.
Kalani co-chaired the state attorney’s general practice and was a partner in the Cozen O’Connor legal practice before joining DraftKings. Her background in consumer protection legislation and her professional connections with regulators, attorneys general, and other influential parties were emphasized by DraftKings as significant advantages in advancing the company’s commitment to industry-leading customer safety and protection procedures.
With excitement for her new position, Kalani said that joining DraftKings is an exciting chance for her to support the company’s efforts and search for ways to strengthen its activities on responsible gambling. She expressed anticipation about working together with coworkers, lawmakers, industry leaders, and community advocates to show DraftKings‘ dedication to responsible gaming and to fostering a positive gambling environment for all users.
Regarding its promotional “risk-free” wagers, DraftKings Sportsbook is being sued federally in the Southern District of New York. Samantha Guery, the plaintiff, claims that by offering a risk-free gamble, DraftKings engaged in dishonest, fraudulent, and illegal activities. The lawsuit alleges that DraftKings’ free bet payout policy did not correspond with the minimum wage required to be eligible for the offer.
This federal case has similarities to a class action lawsuit that was filed in Massachusetts at the state level, alleging deceptive practices surrounding DraftKings’ one thousand dollars sign-up bonus.
DraftKings & Flutter stocks drop 6% on regulation concerns
Stocks of DraftKings and Flutter Entertainment fell by over six percent.This drop was brought on by concerns that US sports betting companies, such as DraftKings and...
