Bloomberg Law
March 4, 2021, 5:52 PM

DraftKings to Pay $8 Million to Settle Consolidated Class Claims

Peter Hayes
Peter Hayes

DraftKings Inc. will pay $8 million to resolve class action claims that it engaged in advertising campaigns that misrepresented the difficulty of daily fantasy sports contests and the terms of promotional offers, under the terms of a proposed settlement filed in the District of Massachusetts.

The agreement, which settles the claims of approximately 3.15 million people, leaves unresolved claims against FanDuel Inc. in the consolidated multidistrict litigation.

The settlement class includes all people in the U.S. who made a first-time deposit into their DraftKings Daily Fantasy Sports account before Jan. 1, 2018, and who have taken a net loss on ...

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