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Draftkings

All articles tagged with #draftkings

ProPublica Reporter’s 10-Week DraftKings Experiment Exposes Flaws in Online Gambling Safeguards
investigative-journalism2 days ago

ProPublica Reporter’s 10-Week DraftKings Experiment Exposes Flaws in Online Gambling Safeguards

ProPublica reporter Jake Pearson spent 10 weeks mimicking problem gambling behavior on DraftKings, depositing over $21,600 and losing significant sums. Despite triggering multiple red flags, the platform’s responsible gaming tools failed to intervene effectively, instead rewarding his activity with VIP status and increased deposit incentives. The investigation highlights a conflict between profit-driven design and consumer safety, prompting calls for stricter regulatory oversight.

DraftKings Rewards Problem Gamblers with VIP Status Despite Responsible Gaming Prompts
technology13 days ago

DraftKings Rewards Problem Gamblers with VIP Status Despite Responsible Gaming Prompts

ProPublica reporter Jake Pearson spent 10 weeks mimicking problem gambling behaviors on DraftKings, losing $12,500. Despite triggering multiple responsible gaming alerts, the company invited him to its VIP program within 30 minutes of a major loss. The investigation highlights a conflict between profit-driven AI targeting and consumer protection, with DraftKings defending its tools while critics argue the design prioritizes engagement over safety.

Profiting on Pain: How Gambling Apps Target Losers, NYT Investigates
gambling18 days ago

Profiting on Pain: How Gambling Apps Target Losers, NYT Investigates

A Defector wrap of The New York Times’ probe into DraftKings showing alleged use of predictive models to identify bettors likely to lose and push promos, while resisting safeguards for problem gamblers; CBS reports on FanDuel echo similar concerns. Despite executives framing gambling as entertainment, the piece highlights how online casino revenue and targeted incentives can exacerbate isolation and addiction.

Dopamine, VIP perks and lawsuits: the addictiveness debate in sports betting apps
business19 days ago

Dopamine, VIP perks and lawsuits: the addictiveness debate in sports betting apps

A CBS News investigation reports that major sports-betting apps FanDuel and DraftKings use aggressive engagement tactics, VIP perks, and precise data tracking to keep users betting, while new lawsuits argue the platforms are designed to be addictive. Online wagering has surged to about $167 billion wagered last year, with studies linking expanded legalized betting to higher bankruptcies and problem-gambling indicators (8% of American adults). FanDuel says it has invested $158 million in responsible gaming and removed thousands of accounts, and DraftKings touts a Chief Responsible Gaming Officer and tools to help bettors set limits. The piece also follows stories of VIP treatment that kept some bettors deeply engaged and recovering addicts who say the apps are predatory, underscoring calls for stronger safeguards and support resources.}

Meta eyes a point-based prediction market app named Arena
technology3 months ago

Meta eyes a point-based prediction market app named Arena

Meta is reportedly developing a prediction markets app called Arena that would use a video-game–style points system instead of real money and would leverage Facebook/Instagram users to recruit traders; CNBC-confirmed plans follow The New York Times’ report, and DraftKings and Flutter Entertainment shares fell after the news, with Robinhood also slipping as Meta declined to comment.

WVU Reaches Omaha as Mountaineers Climb in College World Series Odds
sports4 months ago

WVU Reaches Omaha as Mountaineers Climb in College World Series Odds

West Virginia earned its first-ever College World Series berth with dominant super regional wins over Cal Poly, then landed the fourth-best title odds ( +700 ) among 13 remaining teams behind Texas, Georgia and North Carolina. They open against Troy in Omaha and would face a double-elimination path where they’d need to be beaten twice to exit, with the bracket likely shaping a favorable route if they advance. Odds have climbed from +5500 pre-tournament to +1000 after the regional win and to +700 after the super regional sweep.

DraftKings closes Wrigley Field retail sportsbook, bets shift online
business4 months ago

DraftKings closes Wrigley Field retail sportsbook, bets shift online

DraftKings is shutting down its two-year-old retail sportsbook at Wrigley Field due to Illinois' high taxes, ending in-person betting there on May 31 while online wagering remains available statewide; existing bets can be redeemed through June 30 or by mail. The venue will become a DraftKings sports bar connected to the ballpark, with a small number of retail staff laid off, and the Cubs partnership continuing.

NCAA Sues DraftKings Over March Madness Branding Ahead of Final Four
sports6 months ago

NCAA Sues DraftKings Over March Madness Branding Ahead of Final Four

The NCAA filed a trademark infringement lawsuit against DraftKings Sportsbook over using March Madness–related terms (such as “March Madness,” “Sweet Sixteen,” and “Final Four”) to promote betting, arguing the language could mislead fans into thinking the NCAA endorses DraftKings. The NCAA is seeking an emergency restraining order and a quick court ruling before the Final Four, while DraftKings may contest the claims and argue it has no official affiliation with the NCAA.

DraftKings Expands into CFTC-Approved Prediction Markets Across 38 States
business9 months ago

DraftKings Expands into CFTC-Approved Prediction Markets Across 38 States

The prediction markets industry is rapidly expanding in the U.S., with major sportsbooks like DraftKings launching prediction market apps, sparking conflicts with land-based casinos and regulators. These markets are integrating into various platforms, potentially challenging traditional sportsbooks by offering alternative betting options, while facing legal and regulatory hurdles.