Fantasy operator to offer sports betting after court ruling
BOSTON (AP) — Daily fantasy sports operator DraftKings says it’s poised to enter the sports betting market after the U.S. Supreme Court struck down the federal law that bans gambling on sports in most states.
The Boston-based company said Monday it had been preparing ever since the high court announced it would take up the case to launch a sports betting platform and apply for state operating licenses.
DraftKings chief executive Jason Robbins says he expects several states to formally legalize sports betting before the start of the NFL season in September.
Robbins says DraftKings will push for regulations in those states that put “smart consumer protections” in place, but aren’t overly restrictive.
He says the company is well-positioned to enter the market because of its experience with offering daily fantasy sports games.