
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.More Related News

The Providence mayor wants the Reddit tipster to get a $50,000 FBI reward. It might not be so simple
His detailed tip helped lead investigators to the gunman behind the deadly Brown University shooting – but whether the tipster known only as “John” will ever receive the $50,000 reward offered by the FBI is still an open question.












