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Nevada gaming board confirms FanDuel licence surrender and DraftKings application withdrawals

Licences & markets

Nevada’s Gaming Control Board said Flutter Entertainment surrendered FanDuel’s state licences and DraftKings withdrew its pending applications after the companies agreed to exit the state. The board said their planned sports event contracts conflicted with Nevada gaming law, and warned licensed operators against participating in such markets.

The decision defines Nevada’s position on licensed operators’ involvement in prediction markets.

End-of-day close Flutter (FLUT), USD, to 26 December 2025
Story date29 September 202526 December 2025

Latest reported results

Flutter NYSE: FLUT

Quarter ended 30 September 2026

Revenue
USD 3.87bn
Operating income
−USD 1.19bn10-Q filing 0001635327-26-000059

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

Earlier licence decisions by NGCB

DateCompanyAmountStoryAppeal status
DraftKings, FanDuelNot statedNevada board accepts withdrawals of DraftKings and FanDuel applicationsNot stated
DreamscapeNot statedNevada Gaming Commission denies Dreamscape CFO John Eder a gaming licenceNot stated
Aruze Gaming Global, Empire Technological GroupNot statedNevada board recommends five-year limited licences for Aruze-linked applicantsNot stated
Wynn ResortsNot statedNevada Gaming Commission approves Wynn COO Brian Gullbrants’ licenceNot stated
Virgin Hotels Las Vegas, The VenetianNot statedNevada board recommends three Las Vegas casino executives for licencesNot stated

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