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PrizePicks says it offers fantasy-sports games, not gambling. Rivals argue the company is sidestepping regulations to gain more users. PrizePicks says it offers fantasy-sports games, not gambling. Rivals argue the company is sidestepping regulations to gain more users. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their…

DraftKings is offering to buy PointsBet Holdings’ U.S. business for $195 million, setting up a battle with sports-merchandise company Fanatics for the online sports-betting assets. DraftKings is offering to buy PointsBet Holdings’ U.S. business for $195 million, setting up a battle with sports-merchandise company Fanatics for the online sports-betting assets. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In…

Fanatics Inc. is late to the sports-betting game. Its chief executive thinks he has a strong hand. On Monday, the sports-merchandise company plans to launch its first gambling app in Tennessee and Ohio, years after others entered the fast-growing market. Fanatics Inc. is late to the sports-betting game. Its chief executive thinks he has a strong hand. On Monday, the sports-merchandise company plans to launch its first gambling app in Tennessee and Ohio, years after others…

Pavlo Gonchar | LightRocket | Getty ImagesCheck out the companies making headlines before the bell:DraftKings — DraftKings shares surged more than 8% after the sports betting company posted fourth-quarter results that beat expectations. The company reported a loss of 53 cents per share on revenue of $855 million. Analysts polled by Refinitiv had anticipated a loss of 59 cents per share on revenue of $800 million.DoorDash — The online food delivery company gained more than 5% after posting fourth-quarter revenue of $1.82…

Rafael Henrique | LightRocket | Getty ImagesCheck out the companies making headlines in midday trading.DoorDash — The online food delivery platform's shares jumped 7% after it reported a revenue beat and upbeat guidance. The company's fourth-quarter revenue came in at $1.82 billion, topping the $1.77 billion estimated by analysts polled by Refinitiv. Reported losses, however, were greater than analysts' projections, coming in at a per-share loss of $1.65 versus analysts' estimates of 68 cents.related investing newsTexas…

The Chicago-based company had long been kept out of the Super Bowl because rival Anheuser-Busch InBev BUD -1.79% NV had exclusive rights to be the sole alcohol brand to be featured during the game, which it gave up last year. In anticipation of its return, Molson recently ran print, online and outdoor ads asking consumers which of its two light beers—Miller Lite or Coors Light—deserves the brewer’s coveted Super Bowl spot. The buildup has been part of an elaborate Super…

Buffalo Bills players huddle and pray after teammate Damar Hamlin collapsed on the field after making a tackle against the Cincinnati Bengals. Photo: Dylan Buell/Getty Images…

Customers have filed thousands of complaints against the biggest U.S. online sports-betting operators in recent years, many of which reported delays or glitches in withdrawing money, according to a review of Better Business Bureau records.About 2,400 complaints naming the big-three operators have been lodged in the U.S. in the past three years, according to the bureau. A large number of the complaints focus on dayslong or even weekslong wait times for taking out winnings. FanDuel Group, DraftKings…

Online sports-betting company DraftKings Inc. DKNG -21.54% posted higher-than-expected revenue for the start of this year’s football season and said its customer base continued to grow amid competition for gamblers. The company reported revenue of $502 million for the three-month period ended Sept. 30, more than double its revenue in the same period last year. Strong customer acquisition and retention, expansion into new states, such as…

A coalition of gambling companies led by DraftKings Inc. DKNG -13.82% and FanDuel Group is pulling back on advertising for a ballot measure to legalize online sports betting in California as polls show it is likely to lose. The online sports-betting industry’s initiative, known as Proposition 27, has drawn about $402 million in fundraising, according to campaign finance records, the most in state history. But the pro-Prop 27 campaign, which has raised $169.2 million,…