MLB Players, DraftKings Battle Could Set IP Precedent
There’s a 71-year history of sports-related cases in which courts say athletes have a right in the publicity value of their photograph, imagery and other biographical…
DraftKings
NFLPA and DraftKings Battle in Court Over Impact of NFT Ruling
The NFLPA, in a recently unsealed lawsuit in the Southern District of New York, accuses DraftKings of reneging on a licensing deal involving the use of NFL players’ NIL…
Sporticast 368: Are You Buying a Noah Lyles Sneaker?
On the latest Sporticast episode, hosts Scott Soshnick and Eben Novy-Williams discuss some of the biggest sports business stories of the week, including brash American…
DraftKings CEO Says Tax Surcharge Won’t Hurt Long-Term Business
DraftKings CEO Jason Robins says the company’s new “winnings surcharge” in high-tax states, a move to pass along the cost of doing business in places like New York and…
DraftKings Posts First Profitable Quarter, Plans High-Tax Surcharge
DraftKings is planning to add a first-of-its-kind winning surcharge to users in high-tax states as part of the company’s plan to limit its exposure to state legislatures…
Sports Stocks Rally in May Despite Betting Tax ‘Contagion’ Fears
This story appears in Sportico’s Morning Lead newsletter. Click here to sign up and get it delivered straight to your inbox. Sports stocks experienced a volatile…
DraftKings, Flutter Shares Tumble on Illinois Sports Betting Tax Hike
A budget agreement that will nearly triple the tax on some sports bets in Illinois roiled shares of the major sports books operating in the state, sending shares of…
Sporticast 344: College Sports Is Full of Third-Party Consultants
On the latest Sporticast episode, Eben Novy-Williams speaks with Sportico reporter Daniel Libit about the business of college sports. More specifically, they discuss the…
Fanatics Exec Appeals Injunction in DraftKings Noncompete Case
U.S. District Judge Julia Kobick this week granted DraftKings’ motion for a preliminary injunction against former senior vice president Michael Hermalyn, barring him…
3 Sportsbooks Say South Carolina-Iowa Was Most-Bet Women’s Event
Major U.S. sportsbooks DraftKings, FanDuel and BetMGM confirmed ESPN’s report that Sunday’s NCAA women’s basketball national championship game between South Carolina and…
Fanatics Executive Fires Back at DraftKings in Court Battle
Arguing DraftKings has relied on “unnecessary character assassination” amid a plot to “instill fear” in employees “looking to jump ship,” former DraftKings executive…
DraftKings Claims ‘Double Agent’ Shared Docs at Fanatics CEO Home
The legal fallout of former DraftKings executive Michael Hermalyn’s move to rival Fanatics expanded last Friday when DraftKings argued in a court filing that Hermalyn…
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