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Chronicles

The story behind the story

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How gambling companies like FanDuel and DraftKings, as well as Meta and a16z's founders, are pouring millions into state-level election campaigns via super PACs

With Congress largely stalemated, companies turn to states to gain leverage over regulations.

Bloomberg Emily Birnbaum

Discussion

  • @justinhendrix Justin Hendrix on bluesky
    “The companies behind the sports gambling platforms FanDuel, DraftKings and Fanatics Sportsbook poured $41 million into a new super PAC to spend on state-level candidates across the country.”
  • @timothypmurphy Tim Murphy on bluesky
    “The corporate push into states comes as only about 2% of bills introduced in Congress were enacted in 2025.  Meanwhile, 28% of bills introduced in US state legislatures were enacted that year” www.bloomberg.com/news/feature...
  • Emily Birnbaum Emily Birnbaum on linkedin
    I wrote about an emerging trend in campaign finance: US corporations, faced with a legislative logjam in Washington, are pouring tens of millions …
  • @daveminca Dave Min on bluesky
    Citizens United was wrongly decided and opened the floodgates for billions of dollars in dark money coming into US politics.  —  We must reverse this horrible decision and rein in the corrupt and hyperpartisan Supreme Court that handed this down.