DraftKings Inc.

A new Chief Compliance Officer has been appointed to oversee the Company’s risk, compliance and regulatory activities.

Boston-based Sportsbook announced Tuesday that Jennifer Aguiar has been named chief compliance officer, reporting to the company’s CEO and president,

Jason Robins.

Ms. Aguiar previously held the position of Vice President of Compliance and Risk for the Company, reporting to former Chief Compliance Officer, Tim Dent.

Mr. Dent plans to retire after this year, said James Chisholm, a spokesman for DraftKings.

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Mr. Dent will become senior vice president of regulatory activities, DraftKings said in a statement. He will continue to manage the company’s relationships with regulators before taking on an advisory role later this year, DraftKings said.

This change comes at a time when more and more states want to legalize online gambling. The DragKings went public in April after a merger with specialty acquisition company Diamond Eagle Acquisition Corp. DraftKings, which once focused on enabling users to compete for a daily line of fancy sporting goods, has expanded its sports match products since the Supreme Court ruled in 2018 that the federal government could not prevent states from legalizing harassment.

Ms. Aguiar will oversee the company’s compliance and risk management, BridgeKings said. This includes meeting US and international licensing requirements for Daily Fantasy sports, sports betting and online gambling, the company said.

Ms. Aguiar joined DraftKings in 2016 as Chief Compliance and Risk Officer. The company has developed an internal compliance program and implemented a training and certification program for compliance and customer service personnel to strengthen risk management, the company said.

Jennifer has been a key asset to our organization, successfully guiding the company through the formation of Daily Fantasy Sports and the state licensing and regulatory process, Robins said in a news release. Jennifer’s compliance system was a key element in positioning DraftKings to enter new states shortly after the legalization of sports betting and iGaming. She has created a culture of compliance at DraftKings and will continue to play an important role in the company’s growth.

Ms. Aguiar previously held compliance and risk management positions at financial institutions.

Citizens Financial Group Inc.

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Capital One Financial Corp.

Risk and compliance notification

Email Jack Hagel at [email protected]

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