Fanatics launched its standalone Fanatics Markets product in 10 US states on 3 December, with Crypto.com providing event contracts. The company says it plans to extend availability to 14 additional states; the initial offering covers sports, with other contract categories planned for later.
The standalone product extends Fanatics’ reach into states where its sportsbook is not available.
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DraftKings has expanded its DraftKings Racing product to Florida, Louisiana, Montana, New Hampshire, Ohio and Oregon. The rollout follows launches in Delaware, New Mexico and Rhode Island earlier in April; the company says DK Horse will be phased out in each jurisdiction as DraftKings Racing arrives.
DraftKings launched its Predictions product in 17 states, with sports contracts available in California, Florida and Texas. The company said the product also offers financial-market contracts; sports markets cover selected professional and college competitions, with no parlays available.
DraftKings launched DraftKings Predictions, a standalone platform for trading on real-world outcomes, according to reports. The product initially offers sports and financial event contracts in 38 states and connects to CME Group; DraftKings plans to integrate Railbird Technologies. The company said the platform operates under CFTC oversight.
FanDuel launched sports event contracts in 18 US states through its FanDuel Predicts app, the company said. The app is available nationwide, but 32 states do not have its sports markets; FanDuel said it would avoid offering those contracts where it already operates a sportsbook.
Coinbase agreed to end Michigan sports contract activity by 10 October. The agreement requires Coinbase to close outstanding positions while its appeal continues. It was also reported that Webull, Gemini and ProphetX exited Connecticut, while PrizePicks paused new sports prediction entries in Missouri but kept existing entries active.
Under a deal announced Wednesday, Coinbase will halt new sports event contracts in Michigan by Oct. 10, with every open position to be wound down by that date as well, the Michigan Gaming Control Board said in a press release. While the appeal proceeds, the company keeps its legal arguments intact, and Michigan pledged to hold off on enforcement so long as Coinbase stays within the restrictions.