Before the market opened today, Hindenburg Research released a report citing concerns over its merger with SBTech, a Bulgaria-baesd gaming technology company that allegedly deals in black market gaming, money laundering, and organized crime. Hindenburg estimates that 50% of SBTech's revenue comes from markets where gambling is banned, "in sharp contrast to the clean image of DraftKing's brand-conscious partners, including the NFL, NBA, NASCAR, UFC, and PGA." On this news, DKNG shares have dropped more than 10% in intraday trading.