By SectorWire desk ·
The report said that DraftKings DKNG · USD 18.90 2026-10-16 Data and FanDuel are competing with Kalshi for sports bettors across the USA. The report said Kalshi now avoids describing its product using the word bet and referenced a Ninth Circuit opinion against the company.
DraftKings and FanDuel compete with Kalshi for US sports bettors as Kalshi avoids describing its product as a bet.
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Nevada has no fallback plan if the Supreme Court sides with prediction market operators, leaving its stance uncertain.
The comments raise licensing and tribal-law questions for prediction-market operators and tribes considering agreements with them.
Operators offering these products in Utah face an explicit legal warning, while Kalshi contests the state's authority through its federal appeal.
ESMA warns European operators face a different regulatory environment from the United States for prediction markets.
FanDuel and DraftKings face competition from Kalshi and Polymarket for sports betting customers as the NFL season approaches.
US casino operators are investing in dining, concerts and other attractions to draw Gen Z visitors.