DraftKings tumbles after research firm alleges black market ties
CNN
Shares of sports betting giant DraftKings tumbled in early trading Tuesday after a prominent research firm accused the company of hiding alleged ties to illegal gaming operations.
Hindenburg Research claimed in a lengthy report that SBTech, a firm that DraftKings merged with when it went public last year, "brings exposure to extensive dealings in black-market gaming, money laundering and organized crime." DraftKings fell 4% in late-morning trading after tumbling nearly 9% earlier in the morning.President Joe Biden on Sunday delivers his first commencement address of the 2024 season at Morehouse College, where the president may for the first time in months have to confront the angst that’s been percolating on college campuses nationwide toward his administration’s policies on the Israel-Hamas war.
Arab and Palestinian Americans left a meeting with Secretary of State Antony Blinken on Friday night frustrated they did not have a clear understanding of how the Biden administration might act upon their concerns as the Israel-Hamas war devastates the civilian population in Gaza, participants told CNN.