Defendant
1 case as defendant.
Company overview. DK Crown Holdings Inc. is a Delaware-incorporated holding entity within the DraftKings group, formerly named DraftKings Inc. before a corporate reorganization. It is wholly owned (100%) by DraftKings Holdings Inc., itself a subsidiary of DraftKings Inc. (NASDAQ: DKNG), per DraftKings' Exhibit 21.1 subsidiary list. It has no independent public reporting; its parent, DraftKings, is headquartered in Boston, Massachusetts, was founded in 2012, employs roughly 5,500 people, and reported about $6.05B in FY2025 revenue (TTM ~$6.3B, market cap roughly $15–18B, per PitchBook/Morningstar/MarketWatch).
Products / services / operations. DK Crown Holdings is the IP-holding and regulated-license entity of the DraftKings group. The Missouri Gaming Commission describes it as "the primary organization that runs DraftKings," and it holds the group's DRAFTKINGS trademark family. Its parent operates online/mobile sports betting (DraftKings Sportsbook), online casino/iGaming, daily fantasy sports, retail sportsbooks, the DraftKings Marketplace, and (since late 2025) federally regulated prediction markets launched via the Railbird Technologies and CME Group partnerships. DK Crown itself is not a product-facing operating company; it is a holding/licensing vehicle within an operating group.
Patent-litigation posture. Operating-company affiliate, not an NPE. The database records one tracked appearance — as defendant/appellant in AG 18, LLC v. DK Crown Holdings Inc. (Federal Circuit, docketed 2024-05-14, decided May 6, 2026, No. 24-2078). The case is an appeal from an inter partes review (IPR2022-01446) the company brought against AG 18 LLC, a patent-holding entity that had sued DraftKings in the District of New Jersey (AG 18, LLC v. DraftKings, Inc., No. 2:21-cv-15737). The underlying litigation concerned AG 18's "Location Based Restrictions on Networked Gaming" patents (e.g., U.S. Patent No. 9,978,205).
Notable context. The PTAB found most challenged claims of the '205 patent unpatentable but upheld claim 18; the Federal Circuit affirmed, rejecting DraftKings' argument that a reply-brief footnote cured an omitted invalidity ground. The case reflects DK Crown's role as the DraftKings entity that both operates regulated gaming and defends the group's patent exposure, typically as a defendant against third-party patent owners rather than as an asserting plaintiff.
AG 18 appealed the PTAB's Final Written Decision in IPR2022-01447 invalidating the '498 patent. As of DraftKings' FY2025 Form 10-K, the appeal remains pending.