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Gambling, & Poker News
Gambling, & Poker News
Two of the largest regulated gaming operators in the United States, FanDuel and DraftKings, have formally withdrawn from the American Gaming Association. The decision follows each company’s expansion into prediction market products, a direction they say no longer aligns with the trade group.
Good to Know
The American Gaming Association stated that FanDuel and DraftKings asked to end their membership and that the requests were accepted without delay. The AGA functions as a national forum for gaming operators, suppliers and tribal organizations, but both companies indicated that their new product strategies differ from the group’s current priorities.
DraftKings is preparing to introduce a prediction market product by early 2026 after acquiring Railbird. In a statement provided to Covers, the company said:
“As the company’s business strategy evolves – including with prediction markets – DraftKings determined that its plans no longer fully align with the AGA’s direction in certain areas and have decided to relinquish its membership.”
The shift follows several years of expansion across sports wagering, daily fantasy and iGaming.
FanDuel also confirmed its exit, noting that the company has chosen to pursue new opportunities in event contracts. The Flutter-owned operator plans to launch a platform in December through a partnership with the CME Group, a federally regulated exchange.
FanDuel said in its statement:
“FanDuel has built our business by maintaining strong industry partnerships. We value the spirit of collaboration that comes with these relationships. But as we expand into prediction markets, we recognize this direction is not aligned with the American Gaming Association’s current priorities for its member operators.
FanDuel has always been the company that moves quickly, from daily fantasy to mobile sports betting to prediction markets. We build what consumers want and we operate with an unwavering commitment to integrity.”
Both companies said that their prediction market plans do not align with the current priorities of the trade group.
No. The AGA stated that both operators voluntarily relinquished membership.
A prediction market product expected in early 2026.
An event contracts platform developed with the CME Group.
Yes. Both continue to operate in fully regulated markets and remain engaged with policymakers.
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