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DraftKings Tumbles on Report of Unauthorized Money Withdrawals

  • Sports betting giant says no evidence systems were breached
  • Company says less than $300,000 in funds were affected
Shares of DraftKings Inc. fell as much as 11%, extending their 2022 loss to 50%.

Shares of DraftKings Inc. fell as much as 11%, extending their 2022 loss to 50%.

Photographer: Gabby Jones/Bloomberg
Updated on

DraftKings Inc. tumbled on Monday after some customers reported that their accounts were compromised and money was withdrawn. 

The company believes customers’ login information was compromised on other websites then used to access their DraftKings accounts, DraftKings co-founder Paul Liberman said in a statement.