6 sports-betting execs break down the biggest challenges facing the industry and how they're trying to solve them [Business Insider]
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DraftKings Inc. - Class A (DKNG)
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Source: Business Insider
Responsible gaming, product development, and player protection were top of mind. Legal sports betting is becoming more mainstream in the US, and regulators and leagues are starting to scrutinize it more closely. Several high-profile betting scandals have surfaced in professional sports lately, for example. Just this month, San Diego Padres player Tucupita Marcano was barred for life from Major League Baseball after betting on 25 games involving his team. The industry's evolution is creating new challenges in areas like player protection, responsible gaming, and product innovation. BI spoke with six rising stars in US sports betting , including execs at top sportsbooks DraftKings and FanDuel, who broke down the key obstacles facing the industry and how they're working to overcome them. Some gamblers are starting to feel squeezed by sportsbooks, and the industry's reputation is taking a hit If you've bet on sports, you may have experienced the feeling that a sportsbook is t
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News
- DraftKings Inc. (NASDAQ: DKNG) had its price target lowered by analysts at Wells Fargo & Company from $54.00 to $53.00. They now have an "overweight" rating on the stock.MarketBeat
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DKNG
Earnings
- 5/2/24 - Beat
DKNG
Sec Filings
- 6/25/24 - Form 144
- 6/17/24 - Form 144
- 6/14/24 - Form 4
- DKNG's page on the SEC website