Full-Time
Online platform for fantasy sports betting
No salary listed
Remote in Canada
Remote
Bachelor's
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DraftKings runs an online gaming and entertainment platform that includes daily fantasy sports, sports betting, online casino games, and a marketplace for digital collectibles. Users participate in cash-prize fantasy contests or place bets on events, and the platform handles bets, winnings, and digital-asset transfers within a regulated environment to ensure fairness. The company differentiates itself by offering a broad mix of services—fantasy sports, real-money betting, casino games, and NFTs—on a single platform with strong regulatory compliance. Its goal is to provide a complete, legally compliant entertainment and gaming experience that appeals to sports fans, gamblers, and digital collectors while growing revenue across contests, bets, casino games, and NFT trading.
Company Size
5,001-10,000
Company Stage
IPO
Headquarters
Boston, Massachusetts
Founded
2012
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Company Equity
Kenneth Dart has acquired a 5.8% stake in DraftKings through his Candle Lake Investment vehicle, according to an SEC filing released on 14 August. The position comprises 28,581,386 shares valued at approximately $691 million. DraftKings' share price has fallen more than 46% over the past year to just over $24 per share, pressured by increased competition and disappointing financial results. Despite this, 22 of 25 analysts rate the stock as a buy. Dart's gambling portfolio now includes roughly 30% stakes in Flutter Entertainment and Evolution, plus a 0.6% holding in Hacksaw Gaming. His Flutter investment has lost $4.2 billion in value since his initial $7.62 billion stake. Earlier this month, Candle Lake submitted a formal takeover bid for Evolution after crossing the 30% ownership threshold.
Novig: Early prediction markets volume topped rivals. Operator says its opening trading volume beat the early figures posted by Kalshi, Polymarket, DraftKings and Underdog. August 19, 2026 Industry News Novig says its opening week's sports event contracts trading volume was higher than that reported by prediction market rivals Kalshi, Polymarket, DraftKings and Underdog. The company told CNBC it generated over US$125m in sports event contract trades in its first week, claiming from its own calculations that this figure topped the early figures reported by its competitors. Novig went live with its prediction markets platform in June following Commodity Futures Trading Commission (CFTC) approval. The company claims to offer a differentiated model in which customers trade against one another. Novig to take advantage of busy sports calendar. Writing on LinkedIn, Novig CEO and co-founder Jacob Fortinsky said: " August is one of the slowest months on the sports calendar. And in its first week, Novig did $125M+ in trading volume. "That's especially meaningful when you consider InterGame Ltd is a 21+ platform, and intentionally not capturing the entire market. "We're just getting started. September is around the corner, the sports calendar is about to explode and we're gearing up for what's next." CNBC reported that parlays accounted for a third of Novig's opening sports trading volume, with baseball the most popular sport. "Our highest-volume day since launching nationwide...was $26.3m in trading volume," Fortinsky told the outlet. Novig went live having secured over $105m in capital following a Series B funding round worth $75m that closed in February. Confirmation of its opening volume comes as prediction markets continue to be locked in legal battles with state actors across the US over their regulatory status.
DraftKings has launched syndication for a $600 million term loan B facility and a new $750 million revolving credit facility maturing in 2031. The company intends to use proceeds from the term loan to repurchase a portion of its convertible notes due 2028 and for general corporate purposes. The new revolving facility will replace DraftKings' existing $500 million revolving credit facility maturing in 2029. The company expects the new facility to remain substantially undrawn at closing. It will be used to enhance liquidity and provide additional financial flexibility. Both transactions are subject to market and other conditions. DraftKings operates sports betting and iGaming services across multiple US states and Canadian provinces.
DraftKings shows rewards in dollars to simplify redemption. By PYMNTS | August 12, 2026 DraftKings has rolled out a new rewards currency called Crown Cash that powers the company's loyalty program, DraftKings Rewards, and makes it easier to view and use rewards across eligible DraftKings experiences, the digital sports and gaming company said in a Wednesday (Aug. 12) press release. Crown Cash is now available to eligible customers across DraftKings Casino, Sportsbook, Daily Fantasy Sports, Jackpocket and Golden Nugget Online Gaming. The currency will expand to DraftKings Predictions and other offerings, according to the release. With Crown Cash, customers can see the value they have earned in dollars and use it to place eligible wagers on DraftKings Sportsbook, play games on DraftKings Casino and Golden Nugget Online Gaming, and participate in other experiences, the release said. The rollout of Crown Cash supports DraftKings' super app strategy to create a unified platform, per the release. DraftKings also announced Wednesday that it revamped the DraftKings Rewards loyalty program, adding Casino Weekly Bonus Back, Birthday Bonus and Crown Cash Boosts. "By pairing flexibility with personalized benefits and unforgettable experiences, we're delivering a loyalty program that recognizes customers in meaningful ways," DraftKings Chief Customer Officer Shawn Henley said in the release. "DraftKings Rewards and Crown Cash make it easier for customers to see and use the rewards they've earned across our platforms, bringing greater consistency and connection across DraftKings." PYMNTS reported Friday (Aug. 7) that DraftKings is positioning itself not simply as a sportsbook operator, but as a nationwide sports commerce platform capable of acquiring, engaging and monetizing customers across multiple products. When reporting the company's second-quarter earnings in a press release, DraftKings Co-Founder and CEO Jason Robins said the company's core business grew across handle, users and engagement. "Our super app is now live nationwide, and Predictions is already growing faster than we anticipated," Robins said during the call. DraftKings entered prediction markets in December with the launch of DraftKings Predictions, a standalone app and web products. The PYMNTS Intelligence report "Embedded Offers: The Billion-Dollar Opportunity Inside Recent Consumer Spending" found that when offers, rewards and discounts are embedded into the customer journey, they can shape what consumers buy, where they choose to shop and the methods they use to pay.
Joel Shulman, founder of ERShares and portfolio manager of the XOVR ETF, says DraftKings is both validating Kalshi's prediction markets business and attempting to capture it. Shulman, who holds stakes in both companies, called the validation "the more important signal". DraftKings recently reported revenue of $1.44 billion, down 5% and missing estimates, though adjusted earnings per share beat expectations. The company disclosed that roughly 600,000 customers have engaged with its predictions product, with annualised volume growing from $2.3 billion in April to $11 billion in July. Shulman noted DraftKings increased sales and marketing spending by 38% to $323 million, whilst average revenue per payer fell 13%. He suggested this indicates a competitive response rather than a temporary shift.