Draftkings Germany

Posted on

According to present data DraftKings Inc - Class A's DKNG shares and potentially its market environment have been in a bullish cycle in the last 12 months (if exists). Currently there seems to be a trend where stocks in the Consumer Cyclical, Arts, Entertainment, and Recreation sector(s) have been popular in this period. What will DraftKings Germany look like? International operators expanding into Europe have taken different approaches. When FanDuel launched its UK site, for example, it decided to create a completely bespoke offering for the British audience, focusing solely on football.

  1. Draftkings Germany Team
  2. Draftkings Sportsbook Germany
  3. Draftkings Germany Trade
  4. Draftkings App Germany
Cup

Daily fantasy sports site DraftKings is heading to Germany. That’s thanks to a new gaming license the company acquired from the Malta Gaming Authority. The international expansion will occur sometime during Q1, Jeffrey Haas, chief international officer for DraftKings, told Legal Sports Report.

Draftkings Germany Team

It marks the first expansion of DraftKings’ footprint since DraftKings UK went live about a year ago. The core news is that DraftKings announced it had acquired a “Controlled Skill Games License” from the MGA. That is a new type of gaming license — apart from gambling licensing — that specifically looked to account for DFS.

Draftkings Sportsbook Germany

Acquiring the license obviously allows DraftKings to operate in Malta, a small country with just about 400,000 people. But it also allows it access to other markets. An MGA license can be used to provide a legal basis under European Union law for operating in any EU member state.

For now, DraftKings indicates that expansion will only include in Germany, but in the future the license “will enable the company to operate in additional European countries.”

Draftkings Germany Trade

“We are excited to embark on this important phase of our international expansion,” said DraftKings co-founder and CEO Jason Robins. “We are pleased that Malta has recognized the need for special licensing of daily fantasy sports and other skilled based games. The Malta Gaming Authority is an innovative organization and it is clear that they have put a lot of thought and rigor into this process.”

Draftkings App Germany

More at Legal Sports Report