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DraftKings (NASDAQ:DKNG) is moving further into the cryptocurrency space, announcing today it will stake digital assets to support the Polygon blockchain network. But shares of the gaming company are sliding due to an analyst downgrade. DraftKings is expanding into the cryptocurrency arena with Polygon. However, the stock has slumped on analyst downgrade. (Image: Polygon Blog) …

DraftKings has received a $150,000 civil penalty by the New Jersey Division of Gaming Enforcement (DGE) for the sportsbook’s regulatory failure in preventing proxy betting. Gaming regulators in New Jersey say DraftKings allowed its sports betting platform to be unlawfully used by a gambler in Florida. Proxy betting, the act of remote wagering with a …

The Cheltenham Festival is right around the corner, and Paddy Power wants to make sure it is a one-of-a-kind event. The new Cheltenham Festival Show with Spotlight Sports Group will help make that happen. A Gold Day race from a previous Cheltenham Festival. This year will see the return of spectators, as well as a …

In creating its new budget for the year, Spain implemented changes tied to sports advertising. Moving forward, companies operating under a state-authorized monopoly have to reduce how much they spend marketing with sports-related entities. Competitors racing in Spain’s La Vuelta bicycle race, which is sponsored by Correos, the national postal service. Correos may have to …

This month’s Super Bowl was a watershed moment in mainstream crypto adoption. The event, dubbed the “Crypto Bowl” by some marketers, was sponsored by numerous major brands in crypto, including Coinbase, Crypto.com, FTX, as well as crossover financial trading brands like eToro. An illustration above highlights the multiple cryptocurrencies sponsors from this year’s big game. …

DraftKings cofounder and CEO Jason Robins said the gaming operator and tech company is taking “a wait-and-see” approach on reports that New York state may consider changing the tax rate on mobile sports betting revenue. DraftKings CEO Jason Robins told stock analysts Friday New York could “be a very profitable market” for the sports betting …

New Jersey sportsbooks fared just fine as New York oddsmakers began taking bets online last month. In fact, the Garden State experienced record wagering. Nick Thompson, a New York resident, has regularly crossed the George Washington Bridge into New Jersey to place sports bets on his phone. Despite such mobile betting now live in New …

South Carolina remains on the sidelines of legal sports betting. But a former US congressman says he’ll fight to change that should he be elected to the state’s highest office. South Carolina gubernatorial candidate Joe Cunningham is pictured last year campaigning to legalize marijuana use in the state. Cunningham is backing an effort to end …

DraftKings (NASDAQ:DKNG) stock is experiencing a turbulent day ahead of Super Bowl LVI and ahead of the company’s fourth-quarter earnings report on Feb. 18. DraftKings’ Las Vegas office, seen above. The stock is proving wild ahead of Sunday’s Super Bowl. (Image: Nevada Independent) Earlier today, the downtrodden stock traded higher by as much as 7.6 …

A leading proponent of expanding gaming in Georgia said in a recent op-ed that lawmakers will be taking up a sports betting measure soon. Georgia state Rep. Ron Stephens, seen here speaking during a 2018 political rally, said in a recent op-ed that he plans to pick up legislation regarding a constitutional amendment to legalize …