DraftKings Under Scrutiny Following Latest Development In The Taylor Mathis Story

A popular sports influencer sponsored by DraftKings is being accused of crypto fraud.

Taylor Mathis, the so-called "Walking Bets Girl", denies any wrong doing and claims a $TAYLOR cryptocurrency was created without her knowledge.

What follows is a recap of the Taylor Mathis controversy, for those of you who missed it.

• Mathis, who works on behalf of DraftKings as a sports influencer, reportedly created a $TAYLOR token based off her likeness.
• Reportedly, Mathis agreed to promote it in exchange for 20 million tokens, or two percent of its total supply.
• Per Awful Announcing, she began promoting it on her X account (which has more than 200,000 followers) last week, leading to it reaching a $6 million market cap Saturday (which would have her stake worth an estimated $120,000).
• Mathis than reportedly went on to sell her stake for 95 SOL (another cryptocurrency, with 95 tokens currently worth just over $16,000). She then sent messages saying she didn’t want to be involved in $TAYLOR any more.
• After going on X to announce that the crypto wasn’t for her and that she would donate the money to charity, her account then bought 34 million $TAYLOR tokens at a new low price of $9,000 (giving her almost 1.5 times her initial stake and a $7,000 profit), and she promoted that she was back in on the coin.
• Folks began questioning if she was illegally manipulating the market, and to them tagging DraftKings.
• Taylor locked her Twitter account then reemerged late Friday declaring this to be the worst time of her life and that she was contemplating committing suicide.

According to a Coinstats chart, the $TAYLOR token’s value plummeted after Saturday, dropping to just above $200,000, with Mathis having sold her stake for another form of crypto called SOL. The 95 tokens she purchased were valued at just over $16,000.

Accusations of manipulation had many tagging DraftKings in posts. Mathis briefly locked her account heading into this past weekend, only to emerge with a video explaining her side of the story.

DraftKings was yet to issue a statement on this matter as of Tuesday October 29.  Mathis has yet to confirm whether she is still working with the US sports betting firm.

By  Nagesh Rath Born in Punjab, India, Nagesh has been writing for the Gambling911.com website since 2019.  He mostly covers the more controversial stories impacting the world of gambling, specializing in poker. Nagesh's favorite sport is cricket.  This beat reporter operates from our Miami Beach base where he resides with his wonderful wife Ravjeer and three daughters.