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.
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