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November 10, April 2, July 20, Retrieved September 20, July 26, Retrieved July 29, Legal Sports Report. May 20, Retrieved May 20, Retrieved July 13, Wired UK.

February 10, Retrieved March 29, Las Vegas Review-Journal. The Wall Street Journal. Retrieved June 19, Federal judge orders temporary stop to DraftKings, FanDuel merger.

June 21, September 7, August 6, Retrieved August 14, October 2, The Boston Globe. April 23, Indianapolis Star. WV MetroNews.

August 28, Play Pennsylvania. Retrieved November 3, Rochester Democrat and Chronicle. The move comes more than two years after the online sports gaming company scrapped plans to merge with FanDuel , another major player in the daily fantasy sports market.

Diamond Eagle plans to change its name to DraftKings and get a new Nasdaq ticker symbol once the deal closes, the companies said.

DraftKings said it has a 60 percent market share for daily fantasy sports, in which fans compete online for cash prizes. The company also offers online and retail sports betting in seven states including New Jersey, where it said its revenue has multiplied 8.

The two companies controlled 90 percent of the paid daily fantasy sports market, the FTC said at the time. Read Next.

Boeing CEO resigns after continued backlash over plane That process is expected to result in the issuance of There are also shares that may be issued in the future contingent on the company's financial performance.

DraftKings has reserved 6 million shares for SBTech as part of its acquisition of the gaming technology company earlier this year.

If the company hits certain performance milestones, those 6 million shares will be granted. The company has also reserved The employee shares will vest based on performance metrics and assuming the employees remain with the company.

To be clear, these shares totaling Adding It is up to investors how they would like to calculate market cap regarding the dilutive shares. The warrant shares are expected to hit the share count this year and should probably be included, but the shares contingent on performance metrics could theoretically never be issued.

Valuing DraftKings stock is difficult for a number of reasons. Starting with share count, if investors can't accurately calculate market capitalization, it makes the job of determining whether the stock is over- or undervalued more difficult.

Even more confounding is that DraftKings is not a profitable company. Therefore, most traditional valuation metrics like the price-to-earnings ratio are not relevant.

DraftKings is a place where technological innovation drives teamwork and passion. Join us and see how we're having fun and changing our industry while we do it.

As a technology company at our core, DraftKings believes that the best innovation comes from diverse perspectives, thoughts, beliefs, ideas, and experiences.

We consistently push boundaries and challenge the conventional to ensure our culture and products reflect the expectations of our employees, and the customers we serve.

We work to foster a culture of inclusion and belonging that makes our employees feel safe, empowered, engaged, championed, and inspired to be the very best.

Our teams and products are shaping a rapidly growing sports entertainment industry. At DraftKings, we pride ourselves on being an original, continuous game changer.

We also encourage a collaborative and fun work environment where innovation is a way of life. DK Live launches — a full content site dedicated to all things fantasy sports.