DraftKings Sued Over ‘Risk-Free’ Bets That Were Anything But
Samantha Guery, who filed the complaint, alleged DraftKings created the promotion to win over new or unsophisticated gamblers most likely to lose money.
Photographer: Tiffany Hagler-Geard/BloombergThis article is for subscribers only.
DraftKings Inc. was hit with a class-action lawsuit accusing the sports betting website of misleading new users into believing their first wager would be risk free.
Advertisements promised DraftKings customers that if they lost their “risk-free bet,” instead of having to pay up, they’d be credited with a “free bet.” But customers who won with this credit were paid less than half what they’d have made placing the same wager with cash, according to the lawsuit filed Wednesday in New York federal court.