A new scandal across DraftKings, FanDuel, and others
MLBPA, the Major League Baseball Players Association, sued DraftKings, FanDuel, Bet365, and Underdog Fantasy over image rights violations.On Monday, September 16, 2024,...
Yield Sec finds DraftKings’ new tax a big mistake
Head of market monitoring platform Yield Sec finds DraftKings‘ new extra tax delusional.
CEO of the technical intelligence platform, Ismail Vali, is completely against the new tax and thinks that it “completely misses the mark” and will promote illegal gambling.
Vali said:
“The sheer notion of passing tax burdens onto consumers within a duality marketplace beset by illegal operator activity displays a fundamental misunderstanding of the real issue: crime. The legal industry must focus on combating illegal gambling, which is the true reason behind revenue theft and profitability loss, not tax rates or regulation. It’s time to stop ignoring the real monster in the room.”
According to DraftKings, for it to thrive, focusing on the marketplace, conducting commerce, and building community is very crucial.
DraftKings CEO Jason Robins said:
“Every company has to do what is best for their own business… We don’t know, we’ll have to see.”
Also, operators must do their part in fighting crimes that affect the revenues from gambling licenses, since they risk losing them.
There has been a lot of discussion around this new announcement in the gambling sector. Rush Street Interactive also announced that it would not be following the DraftKing’s update.
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DraftKings faces a new scandal over mistakenly sent emails
Instead of sending bonus bet emails to only 13 bettors, DraftKings mistakenly sent the email to almost 1 million users, including those suffering from problem gambling.
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