DraftKings Seals $150 Million in Funding Amid Legal Battles

  • VC co-founded by owner of Washington Capitals joins investors
  • Daily fantasy sports site still faces regulatory hurdles

Fantasy-sports company DraftKings Inc. closed $150 million of new funding Thursday in an oversubscribed round that included Revolution Growth, the venture firm co-founded by sports magnate Ted Leonsis, according to Chief Executive Officer Jason Robins.

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