Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Latest Breaking News

Showing Original Post only (View all)

ificandream

(11,267 posts)
Thu Jun 19, 2025, 07:00 PM Jun 19

Sports betting company DraftKings launching PAC [View all]

Source: The Hill

by Ashleigh Fields - 06/19/25 6:20 PM ET

DraftKings, a sports betting company, said Wednesday it filed with the Federal Election Commission (FEC) to create a corporate political action committee (PAC).

DraftKings’s PAC will fall under the separate segregated funds (SSF) category, which means the committee can solicit contributions only from individuals associated with a connected or sponsoring organization, according to the FEC.

“We have established this PAC to support state and federal candidates and organizations who have shown an interest in issues affecting our business,” a company spokesperson told The Hill.

DraftKings fell under scrutiny in recent years due to their alleged attempt to “obstruct or impair competition” in the sports betting industry, which is a violation of federal antitrust laws.


Read more: https://thehill.com/business/5360035-sports-betting-company-draftkings-launching-pac/

4 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
Latest Discussions»Latest Breaking News»Sports betting company Dr...