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Tag: draftkings
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Trillions In Parlay Dreams: DraftKings Users Sought $2.5T
$2.5 trillion worth of DraftKings gambling dreams. The online sportsbook said its users sought to win that staggering sum in sports bets in 2025, an unusual metric for its business. In an earnings letter this week, CEO Jason Robins said that its millions of users would have won $2.5 trillion if the online sportsbook had…
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DraftKings To Allow ‘Converted’ Bitcoin, Crypto In Betting Deposits
Key takeaways DraftKings plans to launch a cryptocurrency deposit feature, including Bitcoin. Users will convert cryptocurrency to cash for betting. Crypto will not be allowed directly for deposits or wagering. The feature will launch first in four states. Crypto-fueled gambling may boost risks for problematic user behavior. DraftKings’ Plans for Bitcoin and Crypto DraftKings plans…
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DraftKings Launches Sports ‘Predictions’ Gambling Product
On Dec. 19, 2025, DraftKings announced that it launched its so-called “prediction markets” online gambling product in the United States. DraftKings Predictions is a standalone app, separate from DraftKings Sportsbook and DraftKings Casino. DraftKings Predictions facilitates stock-market-style gambling on sports and various “real-world outcomes.” It has the potential to be highly addictive and harmful. Is…
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DraftKings Recklessly Promotes ‘Record’ $22M Online Slot Jackpot
DraftKings Casino announced “the largest online casino jackpot in U.S. history,” claiming that a Michigan gambler turned 20 cents into $22.4 million. The promotion of the historic jackpot came with no explanation of the odds and no mention of any gambling addiction hotline number. Notably, there was also no proof of the jackpot. No information…
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DraftKings, FanDuel Leave AGA Ahead Of ‘Prediction’ Gambling Products
The largest U.S. online sports gambling companies by market share have abruptly quit the casino industry’s top trade group, according to numerous reports. DraftKings and FanDuel, which offer legal online sports gambling in dozens of U.S. states, resigned from the American Gaming Association on Nov. 17. The decision involves DraftKings and FanDuel’s respective upcoming launches…
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