FanDuel agreed a partnership with St. Louis City SC to enter Missouri's mobile sports betting market after the Missouri Gaming Commission awarded direct licences to DraftKings and Circa. FanDuel is expected to launch on 1 December, subject to further regulatory review.
The partnership provides FanDuel a route into Missouri's mobile sports betting market without a direct licence.
Quarter ended 30 September 2026
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Missouri House Bill 3533 proposes raising casino admission fees to $5.50, charged every two hours, and adjusting them annually for inflation from fiscal 2027. It would also replace the admission fee for online sports betting through casino licensees with a monthly charge equal to 1.5% of wagers; opponents warned of higher costs for casinos and questioned the proposal’s effects.
AQR Capital Management is assessing whether to enter sports betting, co-founder and CIO Cliff Asness said in a podcast interview. The company has not disclosed whether it would wager directly or provide liquidity, and Asness cited regulatory uncertainty around prediction markets as a consideration.
Caesars Entertainment told analysts it is preparing for a possible move into sports prediction markets if a lawful route emerges, while seeking to protect its state licences. President of Caesars Sports and Online Eric Hession said the company was monitoring developments; chief executive Tom Reeg said it would consider entering if it could do so without risking licences. Caesars reported third-quarter online sports-betting handle growth of 6% and iGaming revenue growth of 29%, according to analyst Barry Jonas.
Underdog and the Kansas City Royals have agreed a sports betting partnership in Missouri, reportedly, ahead of the market’s planned 1 December launch. The arrangement remains subject to Missouri Gaming Commission approval; Underdog said it had completed its application process.
Robinhood and Polymarket filed separate federal lawsuits seeking to stop Missouri officials from enforcing gambling laws against their sports event contracts. Both argue that federal commodities law gives the Commodity Futures Trading Commission exclusive jurisdiction; Missouri Attorney General Catherine Hanaway has separately filed counterclaims alleging Novig violated federal and state laws.
Robinhood and Polymarket filed separate federal lawsuits seeking to stop Missouri officials from applying gambling laws to their sports event contracts. Both companies argue that the Commodity Futures Trading Commission (CFTC) has exclusive jurisdiction over the products, rather than state gambling regulators.