FanDuel and DraftKings withdrew their Nevada sports betting licence applications as they pursued plans to launch prediction-market platforms by year-end, the companies said. FanDuel spokesman Alex Pitcocchelli said the company’s prediction-market plans conflict with Nevada’s priorities for licensed operators.
The withdrawals remove both operators’ applications from Nevada’s sports betting licensing process.
Quarter ended 30 September 2026
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Nevada’s Gaming Control Board accepted the surrender of Flutter’s registration and FanDuel-related licences and approvals, while DraftKings withdrew its pending Nevada sports betting applications. The board said the companies’ planned sports event contracts were incompatible with participation in Nevada’s gaming industry; Flutter said it had supported Boyd Gaming in the state without operating a consumer sportsbook.
Nevada’s Gaming Control Board accepted Flutter’s surrender of FanDuel-related registrations, licences and approvals, and approved the withdrawal of active and pending applications for FanDuel and DraftKings. Board chairman Mike Dreitzer said the companies intended to engage in unlawful sports event contract activity; FanDuel said it was a difficult decision to surrender its licence.
DraftKings and FanDuel have stopped offering sports and political event contracts to customers in Utah after the state filed criminal charges against Kalshi. DraftKings’ change took effect on Thursday, while FanDuel’s began Friday; both said customers can still trade financial contracts and existing positions will settle as expected.
Polymarket will stop offering new sports event contracts in Michigan and close existing contracts by 25 November under a court-approved agreement with the Michigan Gaming Control Board. The state agreed to stay enforcement action while the company complies. Polymarket’s appeal of an earlier ruling remains pending before the Sixth Circuit.
Polymarket is withdrawing its sports-related event contracts from Michigan under a court-approved agreement with the Michigan Gaming Control Board (MGCB), the regulator said. Under the agreement, Polymarket will stop offering new sports event contracts in the state and close all existing contracts by 25 November. In return, Michigan has agreed not to take enforcement action against the company for as long as it remains in compliance.
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.