It’s football season, and that is good news for sports betting company DraftKings. The gaming platform’s third quarter 2023 earnings results saw a 57% increase in year over year revenue, rising to $790 million. “Our fantastic third-quarter results demonstrate the positive impact of our product...
Player-owned fantasy sports platform Sorare is offering its users a new way to make payments. The company on Wednesday (Aug. 2) announced it was teaming with payments solutions provider Mangopay to debut Cash Wallet, which lets its “managers” make payments using real-world currencies. “The Cash Wallet offers a secure and effortless...
Bitcoin hit its lowest pricing level since the end of June, MarketWatch reported, dipping below the $6,000 level on Tuesday (Aug. 14). Other cryptocurrencies, too, declined in value. Ether, for example, dropped by more than 9 percent. The price of bitcoin was $6,241.95 and the...
There’s nothing imaginary about the scope of the fantasy sports market, valued at an estimated $7.22 billion in the U.S. — or the complexities of managing payments for those platforms. In October’s Payments as a Service Tracker™, DraftKings’ chief international officer, Jeffrey Haas, discusses the...
October 31, 2017
Mobile technology is all about helping different parties readily connect. In the B2B payments space, those connections can lead to new payment capabilities and new opportunities for merchants to build loyal customers. The latest PYMNTS Payments As a Service Tracker™ showcases the efforts various companies are making to help merchants and small businesses expand their usage of […]
July 30, 2024
Online betting service DraftKings said is closing down its three-year-old non-fungible token (NFT) marketplace. The company announced Tuesday (July 30) it was shuttering the marketplace, along with Reignmakers, a fantasy sports game based around NFTs, due to “recent legal developments.” “This decision was not made lightly, and we believe it is the right course of […]
August 02, 2023
Player-owned fantasy sports platform Sorare is offering its users a new way to make payments. The company on Wednesday (Aug. 2) announced it was teaming with payments solutions provider Mangopay to debut Cash Wallet, which lets...
August 15, 2018
Bitcoin hit its lowest pricing level since the end of June, MarketWatch reported, dipping below the $6,000 level on Tuesday (Aug. 14). Other cryptocurrencies, too, declined in value. Ether, for...
September 08, 2017
DraftKings and FanDuel will pay a combined $2.6 million as a settlement for unfair and deceptive practices affecting fantasy sports consumers. Reuters reported news that Massachusetts Attorney General Maura Healey...
