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.…