Draftkings ipo 2016

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DraftKings IPO Could Be One of 2016's Biggest - Even After Scandal


The daily fantasy sports company DraftKings Inc. is now valued at more than $1.2 billion, meaning the DraftKings IPO could be one of the largest initial public offerings of 2016.

And while the company has been getting headlines for the $426 million it had raised in private funding, the biggest news this week deals with the firm's "insider trading" scandal.

Here's the story behind the scandal, and the company's huge growth ahead of the DraftKings IPO...