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Citizens Against Expanded GamblingCitizens Against Expanded Gambling
Citizens Against Expanded GamblingCitizens Against Expanded Gambling
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Billionaire investor George Soros holds stake in DraftKings

May 16, 2020

The 89-year-old philanthropist is one of several big-name investors to receive shares in the sports-betting company since it went public through a reverse merger on April 23. According to a filing last week with the U.S. Securities and Exchange Commission, Quantum Partners, an investment vehicle run by Soros Fund Management, holds 2.7 million DraftKings Class A shares. Soros Fund Management oversees investments on behalf of the 89-year-old philanthropist and his family. Read more here

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Citizens Against Expanded Gambling, Inc (CAEG) is organized under section 501 (c)(4) of the Internal Revenue Code. Contributions to CAEG are not tax deductible as charitable contributions for federal or state income tax purposes.