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john_the_quain t1_j0xaszl wrote

Someone got an early present with being able to blame the hackers that stole his money that he absolutely did not lose by gambling!

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darkwing42 t1_j0xkgly wrote

Fucking Draftkings tried to sneak their online gambling into a California proposition last election wording it like its supposed to be all about Native American casinos. So glad their shitty backdoor attempt failed spectacularly

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CarmenxXxWaldo t1_j0yp8im wrote

It's about to go live in Ohio. If my standing in a convenience store line for years when I smoked is an indicator, there are a shit ton of degenerate gamblers in Ohio already so it's gonna be fun.

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queekbreadmaker t1_j0ysub9 wrote

Poor people in Ohio and a constant need to drop 80 dollars a week on gambling and scratch offs, can't find a more lucrative clientele for these vultures

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AlexHimself t1_j0ziy2a wrote

Eh sneak? They & others just clearly wanted to legalize online gambling.

What's F'd is the greedy Indian Casinos and random horse track crap. The Indian Casinos essentially have a monopoly on gambling in CA except for horse races and poker rooms and they wanted to gain more share and prevent others, so they released their own competing prop that allowed dice games and things (craps, etc.), in-person sports betting at horse tracks (wtf?), AND allowed them to enforce laws and easily sue poker-rooms whether or not they were frivolous...essentially allowing SLAP suits.

Like it was so obvious they cut a deal with the horse tracks to support their bill with that weird horse race add-in AND the change to the legal system to allow their enforcement instead of just the government.

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comped t1_j10mycg wrote

Very similar in Florida - but DeSantis just took a ton of money in campaign funds from Vegas casinos, so I suppose one of the things he might do before he tries to run for president is legalize commercial gambling here.

This time, unlike previously, Disney doesn't have enough money to fight this.

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happyscrappy t1_j1012bh wrote

The other prop did more of that. Draftkings instead had ads running saying that their prop would benefit tribes that don't have casinos ("non-gaming tribes") more than the other proposition.

Which is true I suppose. But it didn't have a lot of money for that. Or for the homeless (as they claimed). It was really mostly for them.

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[deleted] t1_j0z9aoa wrote

[removed]

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AlexHimself t1_j0zj3h3 wrote

You're getting downvoted but you're right. The Indian prop also allowed them to enforce gambling laws instead of the government...basically a license to bury poker rooms in frivolous legal challenges.

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Scottla94 t1_j0zglax wrote

That's funny the native American casino in Connecticut actually works with draftkings their banners are everywhere

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comped t1_j10n1hw wrote

Mohegans are much more commercially minded - they're opening up casinos outside the US now.

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Scottla94 t1_j164oiy wrote

I was talking about foxwoods I've never been to mohegan sun

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CoderCore t1_j0xqxwm wrote

I would have bet on this happening, what were the odds?

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NextTrillion t1_j0y9n42 wrote

Hey Harry, I bet you I can get you gambling by the end of the day.

You’re on!

Ok. I’m gonna get you… don’t know how, but I’m gonna get you.

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pythonbashman t1_j0xsfcz wrote

"Oops we were 'hacked' and all your money is gone!"

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Wuzzy_Gee t1_j0xoryp wrote

Good! Fuck that site. Sick of their ads that prey on gambling addicts.

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drawkbox t1_j0xo8hm wrote

DraftKings is mostly funded from foreign entities from authoritarian places that hate the West. This is no surprise.

Use Fanduel or other casino sportsbooking.

EDIT: Funders are pre-IPO and control the board, subsequent funding and essentially everything about the company. Even with massively big investors post-IPO this is still the case.

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Ialwayslie008 t1_j0xy6bx wrote

I don't think that's true at all. The top 5 shareholders are Vanguard, ARK, Nikko, Capital Research, and BlackRock, owning a combined 22%.

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nilogram t1_j0y1o2m wrote

Aren’t shareholders and funders technically different? Correct me if I’m wrong I’m more asking

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god-doing-hoodshit t1_j0y2rgl wrote

Shareholders and “funders” are essentially the same thing.

Early investors or founding investors usually get more shares of the company since there is more risk involved, but either way stock in the company is the transaction.

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nilogram t1_j0y2txj wrote

Got it ty for clarifying so in this case the foreign entities or funders would still be shareholders unless they sold out?

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god-doing-hoodshit t1_j0y364u wrote

Yeah,

If they invested early and own a good percentage then the return on their investment will be positive which is why they do it. Betting company is a no brainer.

Foreign investment in the best economy to park your money is not strange either.

Although OP has a point, we expose ourself to tricky situations, for example if a company like Twitter is backed by foreign actors there should be some securities in place but free market/mah profits is important. For reasons.

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nilogram t1_j0y3iag wrote

Yeah definitely thanks for your added knowledge and perspective

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drawkbox t1_j10imuo wrote

Funders are pre-IPO and control the board, subsequent funding and essentially everything about the company. Even with massively big investors post-IPO this is still the case.

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nilogram t1_j10l79j wrote

Thanks for the clarification! Have an awesome day too

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drawkbox t1_j10mdib wrote

You as well.

Yeah some people forget to just base it on their own experience. At most companies, everyone knows the original funders have all the pull and all the control. Even if you IPO, even if there are large institutional shareholders. A new tactic of foreign money is setup the initial funding and companies, then draw in the West investment on top, but retaining control.

Many, many companies have been setup this way in the last two decades. For instance, Tesla got 85% of all pre-IPO and post-IPO funding from Chinese banks, that has leverage attached. Even this here reddit was setup that way (DST Global via Yuri Milner like Facebook, Twitter and others -- same funders of DraftKings)

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nilogram t1_j112esd wrote

Love this thank u! 95% of people don’t realize who really owns what in the big businesses

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Ialwayslie008 t1_j0y2661 wrote

I guess I don't know what a funder is. Why would someone invest in a company with nothing in return unless it's a bank, in which case it doesn't matter if they're receiving bank loans from foreign entities, they have zero power or say.

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nilogram t1_j0y2g1l wrote

I think it’s related to like VCs and people who initially put up the funding BEFORE it’s on the stock market.

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Ialwayslie008 t1_j0y2yq0 wrote

They would own a percentage of the company, thus would be considered investors, no?

I do know the page I was using for a reference (CNN's money site) was wrong, since Disney owns over 6% as well.

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nilogram t1_j0y30xm wrote

Yeah I guess they would be stock holders but not sure if or what % they retain

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god-doing-hoodshit t1_j0y2taw wrote

Even banks don’t do that. They only invest if they see a very likely return

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Butterbuddha t1_j0z8m6y wrote

Oh shit! Y’all are finding my 401k! Game on I say!!

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taptapper t1_j0ya93h wrote

Malaysian and Russian tech, support, coding, back office...

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Unlucky-External5648 t1_j0yucqh wrote

Its class warfare. Gambling is a way to shunt money from the 99% to the 1%. Where the oligarchs sleep doesn’t matter anymore.

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frostbane89 t1_j0y7hkr wrote

Love how Jim Cramer recently said he trusted his money more on DraftKings than somewhere else...

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Godsarefakezz t1_j0z2p4l wrote

Lol he’s so shady. Do the opposite of everything he does.

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thegreatgazoo t1_j0z77xf wrote

I'm not sure how he kept his job after Jon Stewart chewed him a new asshole in the Daily Show interview.

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Godsarefakezz t1_j0z89mc wrote

It’s CNBC. It’s corporate propaganda. Remember in capitalism, conning people out of their money is “smart” and ideal.

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[deleted] t1_j0ysdbd wrote

These fuckers are ruining sports and all podcasts

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Any_Monitor5224 t1_j0ym2c2 wrote

Hey Ohio! You get to participate in this crap but you still can’t smoke weed or get an abortion. Way to go!

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JoshuaTheOrigin t1_j0zmk1z wrote

Or have legal custody of your children if you’re unmarried! Drew Carey show and the intro was propaganda.

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HanaBothWays t1_j0x8z5u wrote

Oh, and guess what the only legal means for sports betting is in my state of Maryland! (lolsob)

No, I have not been using this but it has been so heavily promoted here and now a bunch of people from my state are probably victims of this hack.

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Somhlth t1_j0xjvd3 wrote

It's heavy promoted everywhere. Online betting is advertised so heavily during hockey games now here in Ontario that's it's getting infuriating to watch.

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ricktencity t1_j0ypf83 wrote

It's advertised during every sport constantly. I was watching curling the other week and there was a draftkings ad during every commercial break

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G1zStar t1_j0y4p6c wrote

The money must be crazy, I've seen so many sports-related youtube channels that are sponsored by online betting and I can't understand why they would want that huge, long warning screen that basically says gambling is bad, while they're reading their ad.
Way to taint your content.

but hey lots of money I guess.

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GentleLion2Tigress t1_j0ziu7s wrote

It’s a race to get market share and they are throwing all kinds of money around to get it, just like online food delivery.

It’s quite disconcerting to visually see a very close relationship between the league and the betting sites; ads on the boards during play, active players promoting and broadcasting companies having their own sites. Might not be long before something goes sideways.

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spanctimony t1_j0xus7c wrote

There are 7 online sports books in Maryland so far.

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stevetibb2000 t1_j0yubdr wrote

In MD can confirm every day I get so much adds for this

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Kasspa t1_j0z1stg wrote

What? I live in Maryland, and you can absolutely use Fanduel, Pointsbet, or Betrivers as alternatives to Draftkings. I've been having a blast using draftkings myself though because that free $200 they gave you for signing up earned me around 150, I pulled out 100 of it and bought a christmas present, and now am back up to 120. It went live right when Maryland terps basketball was finally taking off :D

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allsp49 t1_j0yr4xk wrote

Yup, my account got hacked. The hacker changed my phone number to verify the account and then proceeded to change the PW etc. I stupidly panicked and deleted the account from an email they sent out - still had some money so had to contact CS and they quickly cut a check for that amount.

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Adiwik t1_j0ysfki wrote

Found one of the hackers

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sanjsrik t1_j0x9o3d wrote

Ha ha ha ha ha ha.

Did anyone assume their information WAS secure?

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WeOutHereInSmallbany t1_j0ylre0 wrote

And these sports leagues face no repercussions for advertising literal scams to the fans. MLB had FTX ads on the umpires and now they’re just like “oh well, not our fault we made a deal with a fraudster”.

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cbass2008 t1_j0z5t92 wrote

Good riddance, these scummy gambling apps need to go.

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SimplePigeon t1_j0z7egt wrote

Fuck all these sports betting companies, jesus christ. I swear, I felt the moment my state legalized online gambling because my ads have never been the same since. It's insane. It's scummy as fuck that they're just allowed to force themselves into public consciousness like this when no one fucking asked for it. I refuse to believe there's seriously this amount of demand/market for sports betting to justify this.

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funandgames12 t1_j0z7trk wrote

I mean that’s how adds work. If there’s no demand and people aren’t buying then they wouldn’t have money for more advertising. Safe to say it’s popular

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SimplePigeon t1_j0z91ak wrote

I know that was a really stupid sentence lol. Maybe I’m just in a bubble. I just can’t fathom where all these people are who are desperate to have entire sites for this. It feels like it happened overnight one day and no one said anything or noticed. It just kinda makes me feel like I’m going crazy.

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tundey_1 t1_j10utfz wrote

Sometimes that's not quite how it works. Right now, there's a gold rush in that space for customers. They want to sink their hooks into the most customers and deprive their competitors from doing the same. So they are really aggressive with the ads...like offering $200 in "free bets" for you and a friend you refer once that friend deposits/bets as little as $5. They may be frontloading their ad expense in the knowledge that any customers they acquire now will more than make up for it.

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Laidan22 t1_j0xzmza wrote

One minute they were shoveling ads on me for md residents, now they get blasted by a hack

me sitting here ignoring ads and watching stuff unfold

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mygallows t1_j0y1ntp wrote

All sports betting/gambling apps are BS and they try to shove their dumb incentives down your throat. I despise their advertisements so much, they’re literally everywhere!

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RhoOfFeh t1_j0yitem wrote

Oh no!

Anyway.

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IcyChard4 t1_j0yix7y wrote

I hope nobody blames Carey Price for this.

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ndyvsqz t1_j1014i2 wrote

Oh no my 2 dollars

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OrcRampant t1_j0xx7ut wrote

Huh. I wonder if Kevin Hart’s account was compromised?

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ReverseMoses t1_j0z3c5f wrote

LOL I hope nobody signed up through their Reddit campaign. That would be funny since they just had an advert campaign.

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crothwood t1_j0z53yl wrote

Its still mind boggling that we made online gambling legal.

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wheeliemommy t1_j0zd9zs wrote

Came here to say this thumbnail brings me mixed feelings. He better have a tight grip on that babeh 😳

Also shame on Jamie foxx and Kevin Hart (and other celebrities) for promoting addiction. Gross!!

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donny_pots t1_j0zvnb4 wrote

They tried to tell me my password was compromised from another source, meanwhile I used one of those totally random passwords that was generated and only used for DK . Scumbags

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tundey_1 t1_j10u5qq wrote

Yes, that's it. That's what happened to me. Someone logged into my account, placed some ridiculous parlays that didn't hit. Please refund my account. Have I changed my password? No why would I do that? Fine, I'll take "free bets".

​

lol

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Girthy_McFatkid t1_j0yo6cf wrote

Good. If you gamble your money you don't deserve it.

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Godsarefakezz t1_j0z2wxb wrote

Yeah just give me the money. I’ll make a bunch of sounds and flash some lights so you get the experience.

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Girthy_McFatkid t1_j12o0m0 wrote

Oh no! My kids wont miss a meal because I don't throw my money away like a child... 🥺

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RedditNFTS t1_j0y8g6t wrote

LOL I TOLD YALL A MONTH+ AGO AND EVERYONE DOWNVOTED ME

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zombietampons t1_j0xaxxy wrote

What in the hell is draftkings…

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tecvoid t1_j0xde75 wrote

online sports betting.

also spends bazillions in annoying advertising

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kab0b87 t1_j0xl24w wrote

Anyone who isn't familiar with the insane trajectory of sports betting in the last couple years should check out Wendover productions video that they just did. It's an incredibly interesting story of how we have got to like this exact point.

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TheMonDon t1_j0y3lfz wrote

Only reason I know about draftkings is because of his recent video

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