New Jersey gambling regulators fined FanDuel $2,000 for accepting 34 bets on mixed martial arts fights advertised as upcoming on 1 April 2022, although the bouts had taken place a week earlier. FanDuel agreed to pay the fine and paid bettors $231,094; the state also required it to update its internal controls.
The enforcement action requires FanDuel to strengthen controls against offering wagers on events that have already occurred.
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DraftKings chief executive Jason Robins said the operator was roughly level with FanDuel for US sports betting in the third quarter. DraftKings reported $13.9bn in sports consumer volume, including sportsbook and prediction-market activity, while Flutter reported about $12bn in US sportsbook handle; Citizens analysts put DraftKings ahead across 13 states and Washington, DC, in September, with 37.4% handle share against FanDuel’s 34.2%.
DraftKings was essentially tied with FanDuel for the sports betting industry’s top spot this quarter, chief executive Jason Robins said.
A US federal judge denied Novig’s request for a preliminary injunction against New York’s attorney general and gaming regulators, ruling that its sports event contracts are sports betting rather than protected financial swaps. The decision leaves New York able to pursue enforcement, which could require Novig to obtain a state gambling licence or stop operating there; it does not itself order the company to close.
US District Judge Colleen McMahon denied Novig’s request for a preliminary injunction against New York Attorney General Letitia James and state gaming regulators. She found that Novig’s sports contracts were bets, not financial derivatives protected by federal law.
DraftKings told federal lawmakers on 5 November that it had sent one personalised video from New York Knicks player Miles McBride to a customer. The company said it does not target people based on indicators of problem gambling or use AI to tailor promotional offers to customers’ gambling activity. The response followed a congressional inquiry into operators’ loyalty programmes, VIP practices and AI use.
DraftKings told federal lawmakers it had sent a personalised video featuring New York Knicks guard Miles McBride to a customer, in response to an inquiry into betting operators’ practices. The company said its loyalty team was aware of sending one such video and did not generally use personalised content from athletes or celebrities as a customer incentive.
Massachusetts gambling regulators are reviewing FanDuel following sports media personality Bill Simmons’ public admission that an associate used his account to place bets. The report described the wagers as violating state proxy betting laws.
It was reported that the Iowa Racing and Gaming Commission imposed fines totalling $95,000 on FanDuel for two sports betting violations. The report identified errors involving soccer and basketball wagering.