DraftKings To Allow Cryptocurrency Conversion For Funding Sports Betting [Yahoo! Finance]
DraftKings Inc. - Class A (DKNG)
Company Research
Source: Yahoo! Finance
While the sportsbook/daily fantasy/iGaming giant has yet to make an official announcement, details of the plan became public knowledge in Massachusetts Gaming Commission (MGC) meetings where officials debated the introduction of a currency that Investigations and Enforcement Bureau (IEB) Director Caitlin Monahan deemed in a Dec. 4 meeting “not ready for prime time.” At that meeting, the commission voted 5-0 to strike language from gaming regulations that would have allowed Boston-based DraftKings to eventually utilize crypto conversion there. The amended rule went into effect on Dec. 19. But in a Jan. 29 session, the MGC voted 4-1 to grant a waiver through April that protected DraftKings from potential violations for failing to firewall Massachusetts digital wallets from other jurisdictions that allow crypto-conversion for funding. This would enable DraftKings to roll out crypto-conversion in four states – identified by MGC Chair Jordan Maynard as Illinois, Kentucky, New Hampshir
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DKNG
Earnings
- 11/6/25 - Beat
DKNG
Sec Filings
- 2/3/26 - Form 4
- 2/3/26 - Form 4
- 1/22/26 - Form 4
- DKNG's page on the SEC website