New York Gaming Commission Chair Ousts Prediction Markets

New York Gaming Commission Chair Ousts Prediction Markets - Brian O’Dwyer

New York State Gaming Commission Chair Brian O’Dwyer calls out prediction markets, saying they are a “direct threat to the commission’s authority.” FanDuel and DraftKings have announced their intent to offer sports contracts in December. NEW YORK – Prediction markets are once again under the … Read more

DraftKings, FanDuel Help Halt Wisconsin Sportsbooks Despite Expansion Plans Elsewhere

DraftKings, FanDuel Help Halt Wisconsin Sportsbooks Despite Expansion Plans Elsewhere

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 … Read more

Missouri Sportsbooks Open Pre-Registration, Gear Up for Dec.

Missouri Gears Up for Dec. 1 Sports Betting Debut

Missouri opened sportsbook pre-registration ahead of its Dec. 1 launch, allowing residents to sign up and secure bonuses early. Major operators rolled out competitive promotions as the state enters the legal sports betting market with a low 10% tax rate. Bettors will have a full … Read more

FanDuel Predicts Launches In December, But With Consequences

FanDuel Predicts Launches In December, But With Consequences

FanDuel announced they will launch FanDuel Predicts, a prediction market platform catering to states without a locally-regulated sports betting industry. As a result, FanDuel won’t be able to operate in Nevada since state regulators regard prediction markets as “unlawful”. The FanDuel Predicts App is set … Read more

ESPN Bet Ends Penn Deal, Working With DraftKings For Odds

ESPN Bet Ends Penn Deal, Working With DraftKings For Odds

ESPN and Penn Entertainment terminated their $2 billion sports betting partnership after just two years due to poor market performance. ESPN immediately announced a new multiyear partnership with DraftKings, which will become the exclusive sportsbook and odds provider starting December 1. DraftKings stock surged 8% … Read more

Meeting Today About New Sports Betting Bill in Wisconsin

Meeting Today About New Sports Betting Bill in Wisconsin

Senate Bill 592 was discussed by the Wisconsin Senate Committee on Agriculture and Revenue today. The group favors the hub-and-spoke sports betting model that the bill establishes over other sports betting models because it allows the tribes of Wisconsin to secure a high revenue share. … Read more

CME Targets Sports Markets; FanDuel’s Role Still Unclear

CME Targets Sports Markets; FanDuel’s Role Still Unclear

CME Group plans to launch a prediction market platform offering contracts on economic indicators and potentially sports events by the end of 2025. FanDuel is partnering with CME but has yet to confirm involvement in sports event contracts amid regulatory concerns from states with legal … Read more

California Gov Newsom Signs Bill to Ban Sweepstakes Contests

California Gov. Gavin Newsom signs bill banning Sweepstakes Contests

California Governor Gavin Newsom signed bill AB 831 this week, banning sweepstakes contests like casinos and sportsbooks. It does not change anything regarding real money and free casinos and sports betting sites in California. SACRAMENTO, Calif. – Dual-currency sweepstakes gambling sites are no longer legal in … Read more

FanDuel, DraftKings Tighten Ties with Amazon Prime, NBC

NBC and DraftKings Partnership

Both FanDuel and DraftKings announced partnerships this week, blending sports viewing with sports betting. NEW YORK – Amazon announced its Prime Video platform is expanding its relationship with Flutter-owned FanDuel on Tuesday. It will deliver betting integrations during NBA broadcasts. Starting this season, basketball fans … Read more