The Big One

A breakdown on the day’s biggest Inno story.

Lucy: DraftKings was prepared for this morning’s decision.

Hours after the Supreme Court allowed each state to legalize sports gambling this morning, Boston-based DraftKings put out a press release announcing that the daily fantasy sports company will enter the sports betting market.

DraftKings said that the company was anticipating a favorable decision from the Supreme Court, thus it has been preparing since 2017 to launch a sports betting platform for mobile.

However, DraftKings will have to work with state regulatory officials “to apply for operating licenses in those states that have already passed legislation authorizing sports betting,” the company said in a statement. In Massachusetts, the company will first have to wait for the legislature to pass a law allowing sports gambling, BBJ reported.

Even with the opening of a new line of business, the company said it will remain “fully committed” to its daily fantasy sports business, which will still be “a major focus” for the company. Read more: DraftKings Is Entering the Sports Betting Market Thanks to Supreme Court Decision

In The Know

The Inno stories you need to read today.

Making Moves

Inside the people, companies and organizations making moves in Boston.

KG: At Inno, we love seeing bootstrapped companies with successful exits. Craig Bloem built LogoMix with no outside investment and just sold it to Minnesota-based Deluxe Corp. for $43M. Back in 2011, Bloem was a co-founder of Performable with David Cancel and Elias Torres, which sold for $20M to HubSpot. Bloem told BBJ that “We’ve had challenges over the years, where we haven’t had excess capital lying around to make a wrong decision,” Bloem said. “You’re a lot more cautious. Not only do you measure once, but you measure twice and three times.”

Lucy: Spanning across five floors, the Reebok HQ has found a new home in the Seaport. The Adidas-owned footwear and apparel company moved to Boston at the end of 2017, leaving behind a 65-acre grassy campus in suburban Canton, Mass. that “lacked the requisite energy of an active fitness brand,” the company told me in a statement. Reebok relocated its current 750 employees to a 220,000-square-foot urban site in the Innovation Design Building—joining tenants like Autodesk BUILD Space and Continuum (not to mention, MassChallenge). Read more: Office Envy: Inside Reebok’s New HQ in the Innovation Design Building

KG: In 2019, you will be able to buy the Boston Dynamics SpotMini robot as your new office dog, or something like that. They have yet to discuss a price tag, but Boston Dynamics will be making the futuristic robot dog available for commercial availability. Yes, it is the same one you saw in Black Mirror.

New Money

Your daily funding roundup.

KG: One of the nation’s oldest VC Firms, CRV has raised $600M for its 17th fund. You’ll continue to see CRV’s activity in early-stage companies, but they have set aside part of the fund for later-stage growth investments.

Player Personnel

Who’s moving where.

KG: After 4 years and 60 events, Keith Frankel is stepping away from Creative Mornings to pursue his startup full-time. We profiled his customer collaboration startup, Parlay, only a few weeks ago. Read more here.

Lucy: Threat Stack has named Pete Cheslock VP of technical operations. Before joining Threat Stack in 2014, he was at Dyn as director of dev tools.

In The Community

The events and happenings to know about tonight and this week.

Lucy: If ‘deep tech’ is your cup of tea, then we expect to see you at our next panel conversation at Analog Devices’ new space at 125 Summer St. Our panel includes: Patrick O’Doherty, emerging business at Analog Devices, Natanel Barookhian, founder of TechU Angels, Leila Pirhaji, founder and CEO of ReviveMed, Habib Haddad, managing partner at E14 Fund. Buy tickets here.

Read This Right Now

Like right now.

Lucy: For those of you looking for a deep dive on the state of cryptocurrency mining, you’re in luck. David Vorick of Sia wrote a very comprehensive long-form piece. Happy reading.