DraftKings appoints new compliance officer

Jennifer Aguiar will replace long-standing DraftKings executive Tim Dent.

US.- Sports betting operator DraftKings has appointed Jennifer Aguiar as its new chief compliance officer.

Aguiar, formerly the company’s vice president of compliance and risk, is taking the place of Tim Dent, who is leaving DraftKings to work as an industry consultant.

In her new role, Aguiar will be responsible for DraftKings’ corporate compliance and risk management and for ensuring the company stays in line with US licensing requirements.

Last October, DraftKings was issued a $5,000 fine by the Iowa Racing and Gaming Commission (IRGC) for failing to comply with self-exclusion rules.

DraftKings’ co-founder, chief executive and chairman, Jason Robins, said: “Jennifer has been an instrumental asset to our organisation, successfully navigating the company through the emergence of daily fantasy sports and the state-by-state licensing and regulatory process.

“The compliance framework developed by Jennifer has been a critical element in positioning DraftKings to enter new states quickly following the legalisation of sports betting and igaming.

“She has created a culture of compliance at DraftKings and will continue to play a pivotal role in the company’s growth.”