FanDuel said its median bet is $5 and the median sports bettor loses $63 a month, as it responded to criticism of its VIP programme. The company also said it sent customers about 30 personalised videos featuring athletes and celebrities over two years; US Senator Richard Blumenthal is seeking further disclosures.
Operators face scrutiny of VIP practices as FanDuel discloses typical bets and losses and a senator seeks further disclosures.
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New Jersey’s Assembly Tourism, Gaming and the Arts Committee unanimously approved AR 150, urging restrictions on gambling advertisements aimed at people showing signs of problem gambling or addiction. The committee also approved a measure requiring educational and counselling videos before removal from self-exclusion lists; the New Jersey Racing Commission and Division of Gaming Enforcement would set programme rules. The Sports Betting Alliance opposed the bill but did not testify.
PlayUSA reported, citing The Hill, that the SAFE Bet Act and a proposal banning sports prediction contracts had stalled in Congress. Lawmakers did not expect major legislation before the midterm elections.
The Commodity Futures Trading Commission ordered designated contract markets to end US geofencing that conflicts with impartial-access requirements within 30 days, or explain why they cannot comply. The order puts exchanges offering sports-event contracts at odds with court orders restricting Kalshi in several states and on tribal lands. Chairman Michael S. Selig said derivatives markets must operate nationally.
Within 30 days, designated contract markets must end geofencing restrictions in the U.S. that violate “impartial access requirements,” or give reasons they cannot comply, the CFTC has ordered. CFTC Chairman Michael S. Selig said in a statement that derivatives markets "must operate on a uniform basis at a national scale" to serve the purposes of the Commodity Exchange Act.
The Massachusetts Gaming Commission voted to call FanDuel to an adjudicatory hearing over proxy wagers placed through Bill Simmons’s account. FanDuel reported 22 bets worth $21,800 across three August dates and voided them; the commission wants to examine how the operator allowed the bets and responded.
FanDuel will face an adjudicatory hearing, Massachusetts regulators decided unanimously on Thursday, after Simmons, founder of The Ringer, described proxy wagers on his August 30 podcast. The hearing will scrutinize the sportsbook's own conduct, and not only Simmons's.
The Massachusetts Gaming Commission is due to hear why Fanatics Betting and Gaming did not notify 132 patrons when it limited their wagering, reportedly. The alleged failures occurred between 29 July and 7 September, after a rule took effect requiring personalised explanations within 48 hours. The commission is also to hear about alleged proxy betting involving Bill Simmons and FanDuel; the investigation remains ongoing.