Nevada regulators confirm Flutter surrenders FanDuel licences as DraftKings withdraws applications
Nevada’s Gaming Control Board confirmed that Flutter surrendered FanDuel’s Nevada licences, while DraftKings withdrew its pending licence applications. The companies’ decisions followed regulatory objections to their plans for sports event contracts, which the board treats as sports betting under Nevada law; both are turning their focus to prediction-market products.
The withdrawals remove FanDuel and DraftKings from Nevada’s licensing process as the state regulator bars licensed operators from offering event contracts.