DraftKings Picks Up a New Partner in the Competitive Sports-Betting Business

1. ESPN terminated its partnership with PENN due to market performance issues. 2. DraftKings is now ESPN's exclusive sportsbook partner starting December 1. 3. DraftKings shares rose nearly 1%, while PENN's shares dropped 6%. 4. The shift highlights the competitive nature of the sports betting industry. 5. Increased scrutiny on sports gambling follows recent betting scandals.