FanDuel and the Toronto Tempo have agreed a multi-year partnership, making FanDuel the team’s first official online sports betting and casino partner. The companies said the agreement includes fan initiatives for FanDuel customers in Ontario, plus in-arena visibility and digital activations.
The agreement gives FanDuel a commercial presence with Ontario’s WNBA team through betting and casino partnership rights.
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DraftKings lowered its full-year 2026 revenue guidance to $6.35 billion-$6.55 billion, from $6.5 billion-$6.9 billion previously, and reported a third-quarter adjusted EBITDA loss of $317 million. The company said more than 1.6 million customers had used its predictions offering year-to-date and expected 2026 predictions investment of at least $650 million; its shares fell about 22% in Thursday after-hours trading after the results.
DraftKings lowered its 2026 revenue guidance to $6.35bn–$6.55bn from $6.5bn–$6.9bn. It reported a third-quarter adjusted EBITDA loss of $317m, compared with a $126m loss a year earlier.
Flutter Entertainment said FanDuel Predicts had 140,000 active users in October and recorded $119m in trading volume in the third quarter. The volume was 102% higher than in the second quarter and October volume rose 271% compared with July; chief executive Dan Taylor said the product had become competitive after recent investment and changes.
Flutter Entertainment said FanDuel Predicts had 140,000 active users in October. Flutter also said the product recorded $119m in trading volume in the third quarter, 102% more than in the second quarter. October volume was 271% higher than in July, according to the report.
The headline describes a Hacksaw Gaming partnership with FanDuel Casino in Connecticut, but the page text is unavailable, so the arrangement's terms and status cannot be established.
PrizePicks launched PrizePicks Packs on 21 October in all 50 states and Washington, D.C., and OG.com introduced OG.com Rips eight days later, the companies said. PrizePicks offers packs priced from $1 to $2,500; OG.com offers NFL, NBA, MLB and Pokémon packs. OG.com said its product is not regulated by the CFTC.
PrizePicks launched digital card packs on Oct. 21 across all 50 states and Washington, D.C., followed eight days later by Crypto.com-affiliated OG.com.
Flutter Entertainment chief executive Dan Taylor said on its 4 November earnings call that the company expects more clarity in the coming months on the economics of FanDuel Predicts. FanDuel recorded $119 million in trading volume in the third quarter; Flutter expects its market-making operation to generate $50 million in revenue and $40 million in adjusted EBITDA during 2026.
Dan Taylor, Flutter's chief executive, told the third-quarter earnings call on 4 November that the coming months should sharpen the company's view of how its prediction market business makes money. At issue is whether FanDuel Predicts can turn a profit by itself, or can only help recruit customers in states that could later permit online sports betting.