- A Wisconsin assembly bill (601) did not receive a vote after written testimony from the SBA opposing its structure.
- Despite the opposition because of revenue sharing, DraftKings and FanDuel are attempting to enter other states via prediction markets.
MADISON, Wisc. – A measure to legalize online sports betting in Wisconsin was pulled from the calendar on Wednesday. With testimony from the Sports Betting Alliance (namely FanDuel and DraftKings), the move prevents Wisconsin residents from betting on sports from anywhere in the state.
Attempting to follow the model in Florida (sportsbook servers being housed on tribal lands), the bill had support from both Democrats and Republicans, the Milwaukee Brewers, and even Milwaukee’s Chamber of Commerce.
Despite the local support, last-minute pushbacks caused Assembly Bill 601 to not receive a vote, hours before it was supposed to.
FanDuel, DraftKings Playing Both Sides Of The Table
The testimony that helped cause this was a written opposition to how Wisconsin sports betting would be taxed and the revenue sharing model in place. In short, legal sports betting sites would be required to give 60% of their revenue to partnering tribes – something that the SBA claimed “is not economically feasible.”
However, this stance puts both DraftKings and FanDuel in an unusual position: opposing a sports betting bill while also supporting the growth nationwide of prediction markets in states without sports betting.
Though the Wisconsin betting structure is looking to be tribe focused, both companies have spent 2025 making deals to enter the prediction market. This includes pulling out of the American Gaming Association and requesting that their Nevada sportsbook license application be pulled.
- FanDuel, DraftKings won’t be licensed for Nevada sportsbooks
- FanDuel, DraftKings exit AGA amid rift on prediction markets
So how does this play out? In states with legal sports betting, they want full control and rapid expansion; however, in states giving power to the tribes, they choose opposition.
With the Wisconsin measure off the calendar, future proposals will likely need a different regulatory structure. However, that may not stop DraftKings and FanDuel from entering the market in the event contract space as opposed to the licensed sportsbook sense.
