DraftKings Louisiana Sports-Betting Extension
The Louisiana Gaming Control Board unanimously granted DraftKings a conditional four-month extension of its sports-betting permit while regulators examine allegations about its use of artificial intelligence and questions about shareholder suitability. The board said the action is not a finding that DraftKings did anything wrong. The extension allows the company to keep operating in Louisiana while the investigation continues. Its current license expires November 10, and a full renewal hearing is scheduled for February 18; the conditional permit runs through February 19. Shareholder and compliance requirements At the hearing, Assistant Attorney General Delancey Houston said the Louisiana State Police Gaming Enforcement Division had found information indicating that some shareholders with at least 5% ownership had not completed suitability review. One shareholder had asked to be treated as an institutional investor, but regulators had not decided whether that classification applied. The board attached seven conditions to the extension. DraftKings must provide the required suitability submissions, or file petitions seeking institutional-investor treatment, within 30 days. It also must submit formal responses about its AI use, prediction-market activity, …




