DraftKings ready for Massachusetts
March 25, 2016 12:11 PM
by Staff & Wire Reports
DraftKings, Inc. today announced its plan to fully comply with the final regulations put forth by Massachusetts Attorney General Maura Healey, signaling the company’s ongoing commitment to consumer protections, regulatory engagement, and continued responsiveness to AG Healey and her office.
DraftKings has already voluntarily implemented many of the consumer protections contained in the final regulations, including prohibiting DraftKings’ employees from playing in public contests for money and allowing players to put self-imposed deposit limits on their individual accounts. The company will continue to work diligently to ensure it is in compliance with the full set of regulations as soon as possible.
“We appreciate the leadership of the Attorney General and her office and their willingness to have a meaningful dialogue about issues of importance to our industry,” said DraftKings Chief Financial Officer, Tim Dent. “The regulations put forth today by Attorney General Healy are tough, but we will comply. We will continue to work with policymakers across the country to ensure that fantasy contests are fun and fair for the tens of millions of sports fans who enjoy playing them.”
Former Massachusetts Attorney General Martha Coakley said, “This is an impressive example of a company’s commitment to being responsive to its regulators. The fact that this process took place in only five months is a credit to all the parties involved here.”
DraftKings is focused on continuing its work with policymakers across the country to develop thoughtful and appropriate consumer-focused regulation and to maintain its position as an industry leader in consumer protection.