let's look at draftkings.een caught in the cross-currents -- draftkings' stock popped. excuse me. sorry about that. but the stock is still in the red for the week after engine media newly listed three weeks ago on the nasdaq dropped a patent lawsuit bomb on the sports gambling giant. engine is the parent company of wynn with view which has -- win view, just one of multiple businesses under the hood at engine which hopes to dominate the gaming and media world. to engine media executive chair tom rogers joining us via phone. he's in his -- when he was in his previous life at ceo of tivo, secured more than one billion in the patent lawsuit settlements. tom, this interview is the first you're giving to address the patent lawsuit that engine has filed against draftkings. what, in layman's terms, are you guys alleging here? >> sorry that we're having video problems, but we have a patent portfolio of about 80 patents, and we're suing draftkings on two of those. these are patents that are key to assuring the integrity

emily: you mentioned draftkings, which just had a pact with the mlb.aseball fans hit the draftkings sign and there was a victim as the result of that. do you think there will be similar agreements with the nhl and nba? >> all of these next-generation companies are at an advantage. like draftkings, fan dual, they're not being positioned as hospitality companies with a casino wrapped in it. they are big data companies. draftkings has been growing very quickly. they went out and built $20 million plus in value. they are a pretty simple model, that each state legalizes and is more and more states want to legalize, they want to take commerce that has been done in the shadows and bring it into the sunshine and it will create jobs, it creates taxes. we just opened the first sports book in an arena. i deal with william hill. it will probably due to hundred -- $250 million worth of handles in the first month it is open. it has created a whole new sector of growth for sports books by making in context gaming within an arena where sports fans come. and it really

draftkings has been growing very quickly. out and grew 20 million plus in value they are a pretty simple model, that each state legalizes and is more and more states want to legalize, they want to take commerce that has been done in the shadows and bring it into the sunshine and it will create jobs, it creates taxes. we just opened the first sports book in an arena. it will probably due to hundred 50 million worth of dollars of handles the first month that it is open. it has created a whole new sector of by making intext -- incontext gaming in an arena or sports, and it starts to show the power of the platform of professional sports in a way that we can test and bring out to a wide base of consumers and partners. these technologies around nft, around direct to consumer and streaming are becoming the main driver of the overall media business. you look at bam and bamtech and how that has spun out to create disney plus and now disney plus has 100 million subscribers and espn plus is streaming and growing and all of that really w

draftkings is the perfect place for our exclusive sports related content. >> matt, for a draftkings user be a marketplace tied to these nfts that are created so how does this help or add to what a draftkings user can do? >> the draftkings marketplace is going to deepen our connection with millions of users throughout the u.s., canada and other countries. you know, by entering, we'll have the biggest platform in terms of any nfp platform out there. we'll have millions and millions of users that will have eyeballs on initially -- through our partnership with autograph and anything that is to follow so we look forward to really hopefully innovations and shaking things up a bit. >> and the marketplace, if i understand correctly is u.s. dollar based in other words, people are not using crypto to buy the nfts, matt >> yeah. we were focused on creating an accessible experience which to us means the same draftkings account you use you can use in the nft marketplace, you can transact in u.s. dollars these are things that were barriers that we found at that time of our consumers as they look to en

for each employee and only pay for the features they need. >>> welcome back major players like draftkingsbucks to expand gambling in florida. contessa brewer is here with a very special guest >> florida has 15 casinos that make a 7.5 billion economic impact on florida, according to the american gaming association. well, now gaming companies are throwing millions at political efforts in florida to expand that state's opportunity for betting. currently a deal made by florida's governor allows the seminole tribe a near monopoly in the state, but allowing more licensees would benefit operators like penn national it offers off track wagering north of orlando las vegas sands has invested $17 million in a political committee to get initiatives on the state ballot asking voters to approve new casinos in their state draftkings and fan duel spent $10 million apiece which counted $62 million from these companies ahead of a july 1st deadline that would have lowered the amount of money permitted for companies to spend on citizen ballot initiatives joining us now, amy howell who has just been named int

draftkings was down, and it remains down on the news, down about 1.25%. tomorrow engine media executive chairman tom rogers will be live on "the claman countdown" to explain the strategy of the company, the lawsuits, everything else. >>> we're still on didi watch, by the way. the ride hailer and the second largest ipo for a china-based company ever unable to climb out of the ditch. the chinese government shoved shares off the road in a surprise crackdown on u.s.-listed chinese companies. again, third day in a row we've got didi falling, this time by 5.5%. the crackdown believed to be a message to china's capitalists, don't get any big ideas. the people's republic still controls the steering wheel. >>> kathy -- can cathie wood's most recently buy is in sell mode, down 3% despite ark's next generation fund adding 430,000 shares of the high-end fashion e-commerce site. but it's railroad stocks that are really going off the rails. i haven't seen this mentioned in a lot of other business journalists' shows, but you will see it on our network, that's for sure.

we've also got discover, delta airline, hbo max, draftkings, southwest airlines. different sites are directly or indirectly feeling the pinch from all of this. in some cases it's very difficult to load into the site. ing in other cases if you're able to do that, it's very slow going when you do. we are getting separate reports of a multistate 911 outage. the issue is being addressed. we don't know if this is anything to do with these web sites that are experiencing problems, and we do know it's fairly widespread. we don't know what the multiin multistate -- multi in multistate means. it started in maryland, but this could be extending way beyond there. susan li has been keeping track of what's been happening on the internet and the widening spread of all of this. what can you tell us? >> reporter: we are expecting an update. this goes back to content distribution network that hosts the pbns, and it looks like they've implemented a fix. they said we have implemented a fix, we bring this up -- they actually tweeted this out, we've implemented a fix for this issue, a

resolved an issue that caused a service disruption, affecting several globally used websites including draftkings says the disruption was not related to a cyberattack and it says the snafu was related to a software issue that translates domain names into ip addresses. tokyo olympics organizers have sacked the director of the opening ceremony the day before it was set to take place. they say it's because of the discovery of a 1998 video that shows kobayashi joking about the holocaust as part of a skit put on by the former comedian. with the director out at the last minute, it is unclear how the opening ceremony will be handled. finally, to american football, nfl teams have been warned that in the event of a covid outbreak among nonvaccinated players, they could be forced to forfeit the game. the commissioner, roger goodell, says in a memo obtained by the associated press that if that happens, players on both teams would not get paid that week. he says the nfl does not expect to add an extra week to play games that cannot be rescheduled within the regular season. global news, 24 hours a day, on air

we'll be talking about, and interactive brokers really the last pure play online broker, as weft as draftkings. a bit of tongue in cheek, but it's feeding offer of the same impulses, young people trying to make fast profits. this is a five-percentage point spread that also is reflected of robinhood's numbers, volumes have ebbed, so we'll see if that's acting as a headwind today. >> i haven't seen a proftractor in like 20 years that's a good reference. you heard the feds say there's still ground to cover. today jobless clams, 400,000 yay, they're coming down, but that's still not good. the gdp was a bit disappointing. >> you put it all together the market is looking at all it, saying, it won't be overexcited, exuberant boom type of activity, but it might be protracted, last a little longer, especially in the interning of the gdp number. very strong consumer, weak inventories, a lot of catch june potentially, and a lot of room for jay powell to not start tapering, so a longer stimulus forever, kind of immediate. >> yes. >>> robinhood going public in the nasdaq today leslie picker, people have to

says it has resolved an issue that causes service disruption, affecting several websites including draftkings it says the disruption, which lasted for up to an hour, was not related to a cyberattack. it says the problem was related to a software issue that translates domain names into ip addresses. global news, 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i am su keenan. this is bloomberg. shery: still ahead, we get more analysis on didi. chinese regulators are considering serious and perhaps unprecedented penalties on the ride-hailer. plus, the challenges in preparing for the tokyo olympics for athletes and their organizers. johns hopkins school of public health professor joins us. this is bloomberg. ♪ shery: didi global is quickly becoming one of the worst ipo's of this year among non-us companies on news that china is mulling additional penalties for the ridehailing giant. joining us now for the latest is our asia tech executive editor, peter elstrom. peter, so how bad could the penalties be? peter: what w

someone asked me that i have not yet i was in a state where it's so backwards that you can't use draftkingsays, andrew, 10 on monday, 10 on sunday but i had an adaptive cruise control where it keeps you three lanes from the car in front of you it was almost autonomous you don't need to do anything. i almost started falling asleep. i didn't get to watch much i'm going to if it's betable, i will do it. anyway, coming up this morning top stories including china stocks plunging overnight. stay tuned, you're watching "squawk box" on cnbc tailor made or one size fits all? made to order or ready to go? with a hybrid, you don't have to choose. that's why insurers are going hybrid with ibm. with watson on a hybrid cloud they can use ai to help predict client needs and get the data they need to quickly design coverage for each one. businesses that want personalization and speed are going with a smarter hybrid cloud using the technology and expertise of ibm. nice bumping into you. [music plays.] ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ wondering what actually goes into your multivitamin? at new chapter, ♪ ♪ its' innovatio