DRAFTKINGS ALERT: Bragar Eagel & Squire, P.C. Announces that a Class Action Lawsuit Has Been Filed Against DraftKings Inc. and Encourages Investors to Contact the Firm

Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, announces that a class action lawsuit has been filed against DraftKings Inc. (“DraftKings” or the “Company”) (NASDAQ: DKNG) in the United States District Court for the District of Massachusetts on behalf of all persons and entities who purchased or otherwise acquired DraftKings securities between August 11, 2021 and the present, both dates inclusive (the “Class Period”). Investors have until May 8, 2023 to apply to the Court to be appointed as lead plaintiff in the lawsuit.

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According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) the NFTs were securities for which DraftKings unlawfully failed to file a registration statement; (2) DraftKings ensured that money invested by class members stayed on DraftKings' private and exclusively controlled marketplace, propping up the market for and overall valuation of DraftKings' NFTs; and (3) as a result, investors have suffered significant damages. When the true details entered the market, the lawsuit claims that investors suffered damages.

If you purchased or otherwise acquired DraftKings shares and suffered a loss, are a long-term stockholder, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker or Marion Passmore by email at investigations@bespc.com, telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.

About Bragar Eagel & Squire, P.C.:

Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York, California, and South Carolina. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.

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