DraftKings Names DraftKingsNews Official Channel for Investor Disclosures

DraftKings has named its @DraftKingsNews account on X as an official channel for disclosing material company information to investors and the public. The company said the move expands its approved communication platforms and comes nearly two years after a settlement with the U.S. Securities and Exchange Commission over a Regulation FD disclosure issue. Under the new policy, DraftKings stated it may use the account to share material information about the company and other matters to achieve broad, non-exclusionary distribution. The SEC settlement followed a July 2023 post by CEO Jason Robins on his personal X and LinkedIn accounts ahead of the company’s second-quarter earnings release, discussing stronger-than-expected revenue growth in existing states before it was broadly shared. In September 2024, DraftKings agreed to pay a $200,000 civil penalty. The @DraftKingsNews account also regularly publishes betting insights, wagering statistics, and promotional content, including FIFA World Cup goal-scorer market updates.