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Formula 1 names FanDuel official betting operator in the US and Canada

Deals & M&A

Formula 1 named FanDuel its first Official Betting Operator in the United States and Canada, with the announcement made ahead of the Miami Grand Prix. The agreement plans to integrate FanDuel odds, live insights and related content across Formula 1’s digital platforms during race weekends; additional betting formats are expected later in the season.

The agreement gives FanDuel planned access to Formula 1 digital platforms and race-weekend content in two markets.

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Deals & M&A

DraftKings lowers 2026 revenue guidance to $6.35bn-$6.55bn

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.

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