DraftKings grants lucrative marketing deal to cofounder's new startup amid financial struggles

DraftKings has agreed to pay up to $30 million to HardScope, a marketing company owned by cofounder Matthew Kalish, who stepped down as president in March. The deal was approved six weeks before his departure and raises concerns about corporate oversight, especially as the company's stock has fallen 44% in the past year. Critics see the arrangement as a potential red flag for short sellers.