- June 16, 2021
- Posted by: Stratford Team
- Category: Business
DraftKings CEO Jason Robins on states legalizing sports betting, sports partnerships and the future of sports betting.
DraftKings and noted short-seller Hindenburg Research are duking it out after allegations of improper activity were lobbed at the sports-betting company in a lengthy research note sending the shares lower.
Ticker Security Last Change Change %DKNG DRAFTKINGS 48.69 -1.93 -3.81%
“This report is written by someone who is short on DraftKings stock with an incentive to drive down the share price. Our business combination with SBTech was completed in 2020. We conducted a thorough review of their business practices and we were comfortable with the findings,” a company spokesperson told FOX Business. “We do not comment on speculation or allegations made by former SBTech employees.”
Hindenburg, which disclosed it has taken a bet that shares will fall, detailed the allegations.
“Unbeknownst to investors, DraftKings’ merger with SBTech…
