Shares of DraftKings Inc. undefined ran up 7.3% in premarket trading Friday, after the sports betting company raised its full-year revenue outlook, but the...
Shares of DraftKings Inc.
ran up 7.3% in premarket trading Friday, after the sports betting company raised its full-year revenue outlook, but the company disclosed an investigation by the Securities and Exchange Commission concerning allegations over"black-market gaming" and money laundering made by short seller Hindenburg Research. DraftKings said in its 10-Q filing with the SEC that it received a subpoena on July 9 from the SEC seeking documents concerning certain of the allegations.
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