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Scoop: DraftKings raising new money to launch sports betting biz

DraftKings CEO Jason Robins. Photo by Barry Chin/The Boston Globe via Getty Images

DraftKings is speaking with investors about raising another $150 million to $200 million in funding, in order to better build out its sports wagering business, Axios has learned.

Big picture: This comes on the heels of the Supreme Court knocking down a federal ban on sports betting, with Delaware and New Jersey already legalizing, and rival FanDuel being acquired by Paddy Power Betfair.