SectorWire
SearchGet the daily briefing
Menu

OpenBet and Sportradar leave AGA as prediction-market dispute grows

Deals & M&A

OpenBet and Sportradar did not renew their American Gaming Association memberships this month, according to a review of the association’s membership list. The AGA said the departures reflect differences over prediction markets and its focus on state and tribal authority; neither company has disclosed its reasons. DraftKings, FanDuel and Fanatics had previously left after launching or announcing prediction-market products.

Supplier exits and earlier departures expose divisions over prediction markets and the AGA’s focus on state and tribal authority.

End-of-day close Sportradar (SRAD), USD, to 13 March 2026
Story date15 December 202513 March 2026

Latest reported results

Sportradar NASDAQ: SRAD

Quarter ended 30 September 2026

Revenue
EUR 362.5m

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

Connections

Request a correction

Keep reading

Regulation

Ninth Circuit rules in tribal gaming interests' favour in prediction market dispute

It was reported that the Ninth Circuit ruled in favour of tribal gaming interests a day after the Senate failed to advance the CLARITY Act. The outlet said the prediction market dispute remains unresolved at the CFTC.

Two California Tribes, Blue Lake Rancheria and Chicken Ranch Rancheria, persuaded the Ninth Circuit that their IGRA claim against Kalshi is likely to prevail, and the appellate court reversed the district court on the central legal questions. That outcome arrived one day after the Senate declined to move the Digital Asset Market Clarity Act (CLARITY Act) forward. The dispute now goes back before the district court in the Blue Lake matter, while the larger question of the Commodity Futures Trading Commission's (CFTC) authority remains open.

Continue reading