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Photo: Bruce Bennett/Getty Images

After a lengthy wait, DraftKings has finally landed a sports betting partner after the company signed a multi-year deal with Caesars Entertainment.

Why it matters: The deal gives DraftKings Sportsbook access to betting markets in the 14 different states where Caesars is already operating, including Pennsylvania where mobile betting is expected to go online this fall.

  • DraftKings will promote Caesars while giving it a cut of revenues in the states they partner in. Caesars will also receive equity in DraftKings.

The backdrop: This move from DraftKings comes after the company announced it was searching for $200 million in funding on the back of its merger with FanDuel falling apart.

  • The company told investors at the time it expects daily fantasy sports to generate most company revenue for years to come.

The big picture: DraftKings' was a major player in New Jersey where the betting handle reached $1 billion in December and 80% of bets were placed via a mobile device. That imprint gets even bigger through the Caesars partnership.

Go deeper

CDC: Fully vaccinated people can gather indoors without masks

Photo: Filip Filipovic/Getty Images

People who have been fully vaccinated against COVID-19 can take fewer precautions in certain situations, including socializing indoors without masks when in the company of low-risk or other vaccinated individuals, according to guidance from the Centers for Disease Control and Prevention released Monday.

Why it matters: The report cites early evidence that suggests vaccinated people are less likely to have asymptomatic infection, and are potentially less likely to transmit the virus to other people. At the time of its publication, the CDC said the guidance would apply to about 10% of Americans.

Dan Primack, author of Pro Rata
48 mins ago - Economy & Business

Ripple CEO calls for clearer crypto regulations following SEC lawsuit

Illustration: Sarah Grillo/Axios

Ripple CEO Brad Garlinghouse tells "Axios on HBO" that if his company loses a lawsuit brought by the SEC, it would put the U.S. cryptocurrency industry at a competitive disadvantage.

Why it matters: Garlinghouse's comments may seem self-serving, but his call for clearer crypto rules is consistent with longstanding entreaties from other industry players.

Republican Sen. Roy Blunt will not seek re-election in 2022

Photo: Alex Wong/Getty Images

Sen. Roy Blunt (R-Mo.), widely seen as a member of the Republican establishment in Congress, will not run for re-election in 2022, he announced on Twitter Monday.

Why it matters: The 71-year-old senator is the No. 4-ranking Republican in the Senate, and the fifth GOP senator to announce he will not run for re-election in 2022 as the party faces questions about its post-Trump future.