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Pennsylvania and Michigan regulators challenge sports event contracts

Regulation

Pennsylvania’s Gaming Control Board urged Congress to keep sports wagering under state jurisdiction, while Michigan’s Gaming Control Board warned licensees that involvement in sports event contracts could affect their suitability for sports betting licences. The Pennsylvania board described the contracts as unlicensed sports wagering; Michigan’s warning covered direct and indirect involvement.

The regulators’ positions could affect operators’ federal event-contract activities and state gambling licences.

End-of-day close DraftKings (DKNG), USD, to 21 November 2025
Story date25 August 202521 November 2025

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