DraftKings $8 Million Class Deal Over Ads Gets Early Approval

DraftKings Inc. won preliminary approval in the District of Massachussetts of a proposed $8 million settlement of class action claims that it engaged in advertising campaigns that misrepresented the difficulty of daily fantasy sports contests and the terms of promotional offers.

Judge George A. O’Toole Jr. also granted provisional certification of a settlement class comprised of 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.

The parties filed the proposed settlement in the U.S. District Court for the District of Massachusetts ...