Overview
- CEO Michael Rubin said on CNBC that Fanatics will debut Fanatics Predicts in the next few weeks with Crypto.com, a timeline the company confirmed in a statement.
- FanDuel plans a standalone FanDuel Predicts app in December through a partnership with CME Group, and DraftKings is preparing DraftKings Predictions after acquiring CFTC-licensed Railbird.
- The Nevada Gaming Control Board accepted Flutter/FanDuel’s license surrender and approved DraftKings’ withdrawals, citing plans to engage in unlawful sports event contracts.
- Regulators in states including Maryland, Illinois, Ohio, Arizona, Montana, and Massachusetts have issued warnings or cease-and-desist letters over event contracts, while a federal court temporarily blocked New Jersey from enforcing its order against Kalshi.
- DraftKings and FanDuel exited the American Gaming Association this week over prediction-market disputes, as Fanatics remains listed as a member.