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DraftKings charged with selectively disclosing material info on social media

Image of DraftKings Sportsbook branded ice crew equipment.
Photo: Brett Carlsen/Getty Images

Julie DiMauro

2 min read
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The firm fell foul of Regulation Fair Disclosure.

The SEC said it charged sports betting company DraftKings with selectively disclosing material nonpublic information to investors who followed the company CEO’s social media accounts without disclosing that same information to other investors. The regulator imposed a $200K fine.

Without admitting or denying the allegations, the company agreed to cease

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