Tag: fanduel
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Most Gamblers Lose: Just 4% Won Over 5-Year Period In Study
A study looking at more than 700,000 online gamblers over five years shows that very few won money.
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FanDuel Suspends User After He Appears In Critical CBS Report
FanDuel Sportsbook reportedly told CBS it “suspended” a man the network interviewed for a sports betting segment. The bettor criticized the sports gambling industry, comparing it to drugs. He also described gambling behavior associated with at-risk gambling during the viral CBS Sunday Morning report. On Tuesday, CBS’ Jim Axelrod updated his earlier reporting: “FanDuel told…
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‘Reclusive’ Billionaire Builds Huge Stakes In Flutter, DraftKings
DraftKings and FanDuel compete for U.S. online gamblers, but they also furiously lobby together—and now share one especially large investor you may not have heard of. That billionaire, Kenneth Dart, has quietly built huge stakes across the sector. Americans lost $27 billion to state-sanctioned online gambling in 2025, and losses this year are on pace…
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FanDuel Ducks Harper, VIP Questions In Response To Congress
FanDuel responded to three members of Congress about its VIP program and the Bryce Harper controversy, but it avoided the specific lawsuit that partly prompted the inquiry. In an Aug. 14 letter to Sen. Richard Blumenthal and Reps. Paul Tonko and Valerie Foushee, FanDuel defended its “responsible gaming” model and said its VIP program operates…
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Harvard Sells Entire FanDuel Parent Stake, Filing Shows
Harvard University’s endowment manager no longer reports a direct ownership stake in Flutter Entertainment, the Irish parent company of the U.S. gambling brand FanDuel. Harvard Management Company’s latest public SEC filing shows that it has exited its Flutter position. Its Q1 2026 Form 13F showed 80,341 Flutter shares worth about $8.19 million as of March…
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