DraftKings faces California class action over alleged illegal betting through prediction markets
By SectorWire desk ·
Summary
DraftKings DKNG · USD 18.90 2026-10-16 Data faces a new federal class action in California alleging that its prediction markets constitute illegal sports betting. The report also said DraftKings was increasing advertising in the largest states without legal online sports wagering.
Why it matters
DraftKings faces allegations that its prediction markets constitute illegal sports betting while increasing advertising in states without legal online wagering.