The Securities and Exchange Commission slapped DraftKings with a penalty on Wednesday after regulators alleged the company’s public relations team shared too much information on the CEO’s personal X and LinkedIn accounts.
According to the SEC, the public relations team for the $20 billion fantasy sports and casino platform published a post on CEO Jason Robins’ personal X, formerly Twitter, account and on LinkedIn, stating, “There’s massive potential for growth in new markets—but we’re still seeing really strong growth in existing states. Our 2018-2019 state vintage grew over 80% on the revenue basis year-over-year in Q1. With those numbers, we expect robust growth even without new states opening.”
