Overview
- FanDuel and DraftKings confirmed they resigned from the American Gaming Association, which said it accepted their memberships’ relinquishment.
- People familiar with AGA deliberations said the group was preparing a board resolution to exclude companies that offer prediction markets.
- FanDuel plans a December launch of FanDuel Predicts with CME Group, with sports prediction trades limited to states without legal sports betting.
- DraftKings acquired Railbird, which holds a federal event-contract license, and the company says it is targeting a product launch by early 2026.
- Nevada regulators said the operators informed them they would forgo Nevada licensing efforts and warned their planned sports event contracts may constitute unlawful activity, as a federal judge separately signaled he may dissolve an injunction involving Kalshi.