One of the most well-known sports betting companies is going public in 2020. DraftKings (DRAFT) is taking the unconventional route of going public through an existing special purpose acquisition company. DraftKings announced it would merge with SBTech, a gambling technology company, and go public through the SPAC Diamond Eagle (DEAC). DraftKings will be valued at over $3.3 billion. Diamond Eagle will change its name and symbol to reflect the DraftKings name. The company highlights that it will be the "first pure online betting play available for the public to buy an interest in."