Senators Urge Investigation into Online Betting Platforms
Investing.com — Senators Mike Lee and Peter Welch have called on the Federal Trade Commission (FTC) and the Department of Justice (DOJ) to investigate DraftKings Inc (NASDAQ: DKNG) and FanDuel. There are concerns that both online betting platforms may be colluding against their competitors.
> “We can’t allow online gambling companies like DraftKings and FanDuel to violate antitrust laws, especially as more Americans grapple with the effects of this industry on our society. Requesting that FTC investigate and protect consumers,” Republican Senator Mike Lee shared on social media site X.
DraftKings shares have modestly recovered, now trading at $44.84.
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