FanDuel, DraftKings abandon AGA trade group as rift over sports prediction markets grows

News Brief

Summary

Major sports betting companies FanDuel and DraftKings have announced their departure from the American Gaming Association (AGA), citing a strategic misalignment as they move into prediction markets, which the AGA opposes for sports betting.

Key Points

  • Membership Withdrawal: FanDuel and DraftKings are leaving the American Gaming Association, the main trade group for the gambling industry.
  • Reason for Departure: Their strategic shift towards prediction markets (e.g., FanDuel Predicts, acquisition of Railbird) conflicts with the AGA’s firm stance against such markets for sports betting.
  • AGA’s Position: The AGA plans to formally exclude companies offering prediction markets and has accepted the resignations.
  • Market Context: Prediction platforms like Kalshi and Polymarket, which allow trading on various event outcomes, are growing rapidly and expanding into sports.
  • Operator Representation: Both companies remain members of the Sports Betting Alliance, which focuses on lobbying for sportsbook operators.

新闻简报

总结

主要体育博彩公司FanDuel和DraftKings宣布退出美国博彩协会(AGA),原因是他们向预测市场发展的战略与AGA反对体育博彩预测市场的立场不一致。

关键点

  • 退出协会: FanDuel和DraftKings正在退出代表博彩业主流利益的美国博彩协会。
  • 退出原因: 他们向预测市场发展的战略(例如推出FanDuel Predicts,收购Railbird)与该协会反对体育博彩预测市场的坚定立场相冲突。
  • AGA的立场: AGA计划正式将提供预测市场的公司排除在会员之外,并已接受这两家公司的退出请求。
  • 市场背景: 像Kalshi和Polymarket这样的预测平台,允许用户对各种事件结果进行交易,正迅速增长并涉足体育领域。
  • 运营商代表: 两家公司仍然是体育博彩联盟的成员,该联盟专注于为体育博彩运营商进行游说。

Original Article Link: https://www.cnbc.com/2025/11/18/fanduel-draftkings-abandon-aga-memberships.html

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