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DraftKings and FanDuel resign from AGA over prediction-market differences

Business

DraftKings and FanDuel resigned from the American Gaming Association as they prepare to offer sports event contracts in states without legal online sports betting. The AGA accepted the resignations on Monday; FanDuel said its product is due in December, while DraftKings said its plans no longer fully align with the association’s direction.

The split places two major sportsbook operators outside the AGA as it opposes sports prediction markets.

End-of-day close DraftKings (DKNG), USD, to 2 January 2026
Story date6 October 20252 January 2026

Latest reported results

DraftKings NASDAQ: DKNG

Quarter ended 30 September 2026

Revenue
USD 1.33bn10-Q filing 0001883685-26-000041
Operating income
−USD 493.1m10-Q filing 0001883685-26-000041

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Regulation

AGA urges Congress to restrict sports event contracts on prediction markets

The American Gaming Association urged Congress to classify sports event contracts as gambling and bar CFTC-registered platforms from listing them through self-certification. Testifying before a Senate Agriculture subcommittee, AGA senior vice-president Christopher Cylke said platforms including Kalshi and Polymarket operate outside state and tribal gambling systems. The association estimated that states and tribes had lost more than $1.2 billion in gaming tax revenue since sports contracts began.

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