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DraftKings Trading Debut: Let The (e)Games Begin

PYMNTS

There are disruptors who come to market and list their shares publicly. And then there are disruptors who come to market and list publicly – right as their targeted markets are themselves disrupted, at least temporarily. and SBTech, trading without having to effect a direct listing or initial public offering (IPO).

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Baker Technologies Raises $3.5M, Enables Cannabis Dispensaries

PYMNTS

Further, eight states and the District of Columbia have voted for full medical and recreational legalization. million in a venture funding round, with participation from Michael Lazerow, Base Ventures, XG Ventures, Poseidon Asset Management and Phyto Partners, among others. To date, Baker has raised $5.1

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Who Should Lead The Digital ID Push?

PYMNTS

The digital identity verification market is projected to reach $12.8 Use cases for the digital ID wallet could include accessing age-restricted places like bars, signing into services like online tax filing or verifying identities at polling stations. There’s no question the world is moving in a digital direction.

Wyoming 136
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Fizzle Of The Week: The Cannabis Payments Conundrum

PYMNTS

states (and the District of Columbia) where marijuana has been legalized for sale in some capacity, it has thrown off a fairly large chunk of tax revenue in the last year. billion in taxes from legal cannabis companies last year, an amount of money that is undoubtedly a sizzle for the federal coffers.

Taxes 177
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242 Startup Failure Post-Mortems

CB Insights

Twenty months of my absence have allowed the “professional” top managers to kill the company using the money of rich oligarchs. Fresco’s head of community marketing, Johnathan Hamiter, began sending employees private Slack messages saying funding seemed “pretty bleak” and encouraging them to look for other jobs.

Company 78
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Will The SAFE Banking Act Make Life Riskier For Banks?

PYMNTS

In fact, in the intervening 23 years, the situation has arguably gotten even more complex as 31 states (plus the District of Columbia) have legalized cannabis consumption for either legal or medical reasons. Plus, though it is mentioned less frequently, cash industries are notoriously hard to tax. The Proponent’s Pitch .

Taxes 151