The Commodity Futures Trading Commission (CFTC) released its rules proposal for governing prediction markets Wednesday morning after the White House approved the document. This Notice of Proposed Rulemaking (NPRM) is the penultimate step before the suggested rule is enacted. It defines key terms the CFTC uses to classify bets—such as whether an event constitutes “gaming”—and […]

The Pat McAfee Show‘s new DraftKings partnership is taking an interesting early turn. On Thursday, McAfee announced his show will be hosting a Family Feud-style competition between his cast and the cast of NFL Live next Thursday, June 11, at 1 p.m. ET on ESPN, dubbed Progrum Feud. That part is innocent enough. The catch is,…

FanDuel’s latest entry into the highly competitive arena of “athlete injury protection” sportsbook promotions drew strong reactions from both bettors and rival companies after it launched Saturday. Injury protection is one of the core tenets of modern sportsbook customer acquisition and retention strategy. For years, U.S. sportsbooks have tried to one-up each other on promotions […]

A U.S. court sentenced one of the defendants in the case of hacking accounts on the fantasy sports platform DraftKings to 30 months in prison.

Two major players in the online sports gambling industry are moving to enter the Alberta market as the province prepares to open iGaming to private operators this summer.

GeoComply, which provides geofencing services to sportsbooks and other companies, laid off dozens of employees this week in what the company called a “deliberate strategic evolution” amid changes in regulation and AI advancement. The move impacted “fewer than 80” employees globally, a GeoComply spokesperson told Sportico in an email. The company, which was valued at […]

Long before Kalshi became one of the fastest-growing non-AI companies in the U.S. with a valuation reportedly surpassing $20 billion, CEO Tarek Mansour laid out his optimistic vision for prediction markets in front of a small crowd at MIT’s Samberg Conference Center. As Mansour introduced himself at the start of the 2019 MIT Arab SciTech […]

In what surprisingly is not an April Fools’ joke, the NFL is currently without an official sports betting partner. According to Sports Business Journal, the NFL’s content deals with official partners DraftKings, FanDuel, and Caesars all expired on April 1 without new contracts in place. It effectively leaves the biggest, most powerful, and most successful sports…

Queen Anne of Great Britain—who reigned from 1702 to 1714—briefly became relevant in modern U.S. sports over the past year through an obscure law named after her. But the law no longer presents a multimillion-dollar problem for DraftKings, Fanatics, FanDuel, Caesars Sportsbook, BetMGM and other sportsbooks, and it no longer threatens legalized sports betting in […]

Under Oregon law, the Oregon State Lottery, which regulates sports betting in the state, is not supposed to let DraftKings offer iGaming. But last week, DraftKings, the state’s lone online sports betting provider, launched a product in Oregon called DK Replay that some bettors and industry analysts believe amounts to a chance-based casino game that […]

DraftKings told a federal judge Wednesday that the NCAA’s legal arguments for a temporary restraining order to block the sports betting company from using “March Madness,” “NCAA Sweet Sixteen,” “Elite Eight” and “Final Four” during the tournament miss the mark, while on Thursday, the NCAA shot back, arguing DraftKings has misconstrued key points. The two […]

Two men from Pennsylvania, who claim their exposure to DraftKings and FanDuel sportsbook apps—especially live, rapid and in-play wagering options known as microbetting—caused them to suffer from severe gambling addictions, have sued DraftKings, FanDuel, the NFL, Genius Sports and others. In a complaint filed Tuesday in the Philadelphia County (Pa.) Court of Common Pleas, Christopher […]

The NCAA late Friday sued DraftKings in an Indiana federal district court, accusing the sports betting company of trademark infringement and dilution in using “March Madness,” “NCAA Sweet Sixteen,” “Elite Eight,” “Final Four” and other famous expressions for which the NCAA has secured registrations from the U.S. Patent and Trademark Office. The NCAA demands an […]

The NCAA is the latest sports body to make a move on gambling — or at least on how gambling companies use its trademarks. The NCAA filed suit against DraftKings on Friday in the Southern District of Indiana, alleging the sportsbook operator committed trademark infringement by using March Madness, Sweet Sixteen, Elite Eight and Final Read more...

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March Madness is almost here, and DraftKings and ESPN just made it a whole lot more interesting for sports bettors. The two companies unveiled plans this week to offer account linking between the DraftKings Sportsbook app and ESPN, with the debut feature being something they’re calling “Bet Your Bracket.” The announcement came at the MIT ... Read more

At least 30 people have publicly announced they were laid off by Underdog Fantasy on Friday—and former employees continue to share those career updates Monday afternoon. Underdog told departing workers that their exits were the result of a corporate restructuring. The sports betting company has a little over 500 employees, a spokesperson said, which suggests […]

The two online bookies who financed the campaign to legalize sports wagering in Missouri have won $120 million from bets placed in the state but so far have not had to pay any tax on those profits. FanDuel and DraftKings handled 73% of the $928 million wagered in Missouri during the first two months of […]

DraftKings stock fell as much as 16% in after-hours trading Thursday after the sportsbook operator reported fourth quarter earnings and provided 2026 revenue estimates below expectations. Amid increased pressure from emerging prediction markets, CEO Jason Robins also told shareholders that he expected his company “to emerge as the leader” in that corner of the gaming […]

Two groups think they have what it takes to be the apex predator on prediction market exchanges: traditional finance trading desks and veteran sportsbook oddsmakers. Call it Wall Street vs. Morton St. Three traditional sportsbook operators—DraftKings, Fanatics and FanDuel—have launched prediction market apps to combat the threat posed by the rise of exchange-style betting in […]