DraftKings Fined $200K for CEO’s Premature Financial Disclosure

DraftKings, the Boston-based sports betting giant, has recently been fined $200,000 by the Securities and Exchange Commission (SEC) for premature disclosures made on the personal social media accounts of its CEO, Jason Robins. This incident highlights significant compliance lapses in handling sensitive financial information. Regulatory oversight and financial disclosures: On July 27, 2023, statements regarding DraftKings’ operational growth were posted […]