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A former DraftKings executive has been accused of stealing trade secrets and soliciting employees after moving to rival sports betting company Fanatics. During a public court hearing, the executive denied these allegations, stating he 'operated with extreme caution' during his transition. However, his claims were contradicted by testimony from two DraftKings employees who alleged that they were offered multimillion-dollar compensation to switch companies. The case, highlighted by covert phone calls and promises, has garnered attention due to its implications for corporate ethics and competition in the sports betting industry.
A former DraftKings executive testified he did not steal the company's trade secrets or solicit its employees after he joined sports betting rival Fanatics. But his testimony was quickly undercut by conflicting testimony by two DraftKings employees https://t.co/y9Z4UYfI9L https://t.co/5mC6jmYhoT
A former DraftKings executive took to the witness stand to deny stealing the company's trade secrets or soliciting its employees after he joined sports betting rival Fanatics, saying he "operated with extreme caution" in his exit @nateraymond https://t.co/gKUxvFTvHf https://t.co/SyFlGGlOqs
Two DraftKings higher-ups testified Tuesday that their former boss had tried to lure them to join rival sportsbook Fanatics with multimillion-dollar compensation offers, contradicting their former supervisor's claims. https://t.co/VPKnTfAcJi