SectorWire
SearchGet the daily briefing
Menu

FanDuel and peers seek dismissal of Washington lawsuit over gambling losses

Regulation

FanDuel, DraftKings and BetMGM are asking a Washington, DC, court to dismiss a lawsuit brought by DC Gambling Recovery under the Statute of Anne, reportedly with a hearing scheduled for Friday. The operators argue that later legislation made the law inapplicable to sports betting; the plaintiff disputes that reading, while the district’s attorney general supports dismissal.

The court’s interpretation could affect operators’ exposure to claims over sports wagers in Washington, DC.

End-of-day close DraftKings (DKNG), USD, to 20 February 2026
Story date24 November 202520 February 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

Request a correction

Keep reading

Regulation

Kalshi seeks dismissal of Ho-Chunk Nation lawsuit in Wisconsin

Kalshi asked a federal judge in Wisconsin to dismiss the Ho-Chunk Nation’s lawsuit, reportedly. Kalshi argues its sports event contracts are federally regulated derivatives rather than gambling; the tribe says they infringe its claimed exclusive rights to Class III gaming on its land. The judge has not ruled on the tribe’s request for a temporary restraining order.

Continue reading