Exclusive: Struggling DraftKings awards $30 million marketing contract to cofounder who recently stepped down
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DraftKings has fallen on hard times. Under pressure from prediction markets, the betting site has seen its share price fall 44% in the past year and has endured significant layoffs. In March, one of DraftKings’ cofounders, Matthew Kalish, stepped down as president—but not before persuading the board to approve a series of potentially lucrative deals to benefit his new marketing company.
As set out in a recent regulatory filing, DraftKings has agreed to pay up to $30 million in a marketi
As set out in a recent regulatory filing, DraftKings has agreed to pay up to $30 million in a marketi
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