DraftKings and FanDuel are reportedly in disagreement with the NFL regarding in-app streaming costs, following the quiet expiration of the league's contracts with its sports betting partners.

A joint effort between CME Group Inc. and FanDuel to compete in the prediction market has scaled back after failing to gain traction against rapidly advancing startups.

Legal experts suggest Bryce Harper may have grounds to sue FanDuel for false endorsement and invasion of privacy after the sportsbook allegedly sent the player's video to a customer.

Pennsylvania Gaming Control Board officials are investigating a video featuring Bryce Harper that FanDuel sent to a user who claims to have lost $1.5 million due to a gambling addiction.

A personalized Bryce Harper video was sent to a problem gambler who wagered $18.5 million on FanDuel, exposing the dark side of sports betting.

Users of the FanDuel app are reporting widespread issues and outages, preventing many from accessing the platform on Saturday night.

FanDuel is experiencing a widespread outage, leading to numerous user complaints, with the company providing an update on when services are expected to be restored.

Flutter, the owner of FanDuel, has reaffirmed its 2026 revenue outlook, targeting an $18.3 billion midpoint, and expects to finalize its London listing review in the second quarter.

Betting giant Flutter has announced a significant overhaul of its management team at its US-based FanDuel unit.

Amy Howe has stepped down as CEO of FanDuel after five years, during which she oversaw significant expansion in sports gambling and the rise of prediction markets.

FanDuel's parent company stock is facing pressure due to weakening customer engagement on its platform, and Citi analysts do not anticipate a recovery anytime soon.

Man Street Sports Groups, owner of FanDuel Sports Networks, announced it will shut down its NBA and NHL operations this month. The closure will occur after the regular season and the first round of the Stanley Cup playoffs conclude.

FanDuel has released the betting odds for the Elite Eight matchup between Michigan Basketball and Tennessee, with the Wolverines opening as the favorites.

Flutter Entertainment announced strong growth for 2025, primarily driven by the performance of FanDuel and its international expansion efforts.

Paddy Power owner Flutter, which also operates brands like Betfair and FanDuel, missed annual sales forecasts and is now looking to the World Cup for a potential boost in its financial performance.

Kalshi's website Thomas Fuller/NurPhoto via Getty Images Nevada regulators sued Kalshi, saying its markets are actually illegal sports gambling. The suit was filed just as the Trump administration sided with prediction markets. Other states have also sued Kalshi, and many legal observers expect the Supreme Court to weigh in. Nevada gambling regulators sued the prediction markets company Kalshi on Tuesday, saying the platform's rapid growth forced their hand. The Nevada Gaming Control Board and the state attorney general sued in Carson City District Court shortly after a federal appeals court rejected a request by Kalshi to stop the state from taking action. The state is seeking an order to stop Kalshi, the country's largest prediction market, from operating what it sees as an unlicensed sports betting operation. "Kalshi has continued to dramatically expand its business, rather than attempting to maintain any kind of status quo," Nevada authorities said in a letter earlier this month. The regulators emphasized that Kalshi has grown rapidly, doing 27 times as much business on Super Bowl Sunday this year compared to the year before. Meanwhile, regulated Nevada gambling operations saw their business shrink, the state said. A Kalshi spokesperson declined to comment on Tuesday afternoon, but the company swiftly asked a federal court to take over the new state case. They argued that only federal law applies to prediction markets, and that the new state enforcement action turns on the same questions that federal courts are already considering. Kalshi has said that its markets are "event contracts," a financial instrument regulated by the Commodities Futures Trading Commission. The CFTC on Tuesday sided with another events-contracts company that is fighting with Nevada regulators, and its chairman, Michael Selig, filmed a video statement defending the new platforms. "Today, the CFTC is taking an important step to ensure that these markets have a place here in America," Selig said. "To those who seek to challenge our authority in this space, let me be clear: we will see you in court." Economists and political scientists have long been fascinated by prediction markets as a way to channel the so-called wisdom of the crowds. They were generally a niche activity until the 2024 US presidential election, when people wagered millions of dollars on sites like Polymarket. Since the election, sports and cryptocurrency speculation have become the dominant markets. Today, more than 90% of the money that flows through Kalshi's platform is staked on sports-related events, and the growth of platforms like Kalshi has spurred traditional sportsbooks like FanDuel and DraftKings to create their prediction markets to take advantage of the light-touch regulation and lower taxes they offer. Legal battles are pending on the East Coast as well, with regulators in Maryland and New Jersey having clashed with prediction markets. Attorneys and other industry commentators have said they expect the Supreme Court to eventually weigh in on the legality of sports contracts on prediction markets. Read the original article on Business Insider

Three Congress members have demanded that MLB and the players union tighten gambling endorsement rules after FanDuel used a Bryce Harper video to target an addicted bettor.

Flutter's shares have fallen significantly following an earnings miss and another key leadership change, as its most important business, FanDuel, experiences a decline in its US market share dominance.

Philadelphia Phillies superstar Bryce Harper has broken his silence regarding a FanDuel video that has sparked a new state investigation, revealing he has received legal advice on the matter.

FanDuel, a sports betting company, allegedly sent a personalized video message from MLB star Bryce Harper to a bettor struggling with a severe gambling addiction, thanking him by name and mentioning his son.

An opinion piece discusses the evolution of sports betting from being controlled by the mob to its current state dominated by online platforms like DraftKings and FanDuel, sparking debate on its societal impact.

Flutter Entertainment, the parent company of FanDuel, has announced its decision to delist from the London Stock Exchange and consolidate its primary stock listing in New York.

Thousands of Fanduel users reported service outages and login issues on Thursday, prompting the company's support team to provide an update on the situation.

FanDuel's departing CEO, Amy Howe, is set to receive a severance package totaling $4.37 million.

Flutter, the owner of FanDuel, reported profits from its role as a market-maker for prediction platforms, with CEO Peter Jackson expecting this new business to significantly contribute to revenues.

BallyBet, BetMGM, BetRivers, Caesars, DraftKings, FanDuel, PointsBet, and theScore Bet have all registered to launch their online sports betting platforms in Alberta.

FanDuel has partnered with Formula 1 to become its first official U.S. betting operator, ahead of the upcoming Miami Grand Prix.

Major sports betting platforms, including DraftKings, FanDuel, and Fanatics, have collectively spent $41 million through a super PAC to influence elections and shape future regulations for their expanding industry.

An affiliate of Cantor Fitzgerald has filed a lawsuit against DraftKings and FanDuel, alleging infringement of patents invented by Howard Lutnick.

A group of fans has filed a lawsuit against DraftKings and FanDuel, claiming they lost hundreds of thousands of dollars due to the allegedly addictive nature of the gambling sites, particularly live microbetting.

Shares of FanDuel's parent company fell after reporting disappointing earnings, attributed to users losing too many bets and switching to competitors.

Main Street Sports group, parent company of FanDuel Sports Network, which only emerged from Chapter 11 Bankruptcy last year, is set to shut its Southport office and lay off employees.

Sportsbook operators FanDuel and DraftKings are diversifying their offerings by venturing into the predictions market, a strategic move to hedge their bets.

Irish-owned gambling group Flutter Entertainment's FanDuel has poured an additional $7.5 million into the Win for America Super PAC, as gambling giants intensify their push in the US election.

MLB star Bryce Harper issued a statement condemning FanDuel for using his likeness in a gambling promotion without his knowledge or approval. Harper expressed strong disapproval of the unauthorized use, stating it went beyond anything he had agreed to.

The company operating FanDuel Sports Network is reportedly facing unspecified difficulties, with details remaining scarce.

Amy Howe has been removed from her position as CEO of FanDuel, leading to a decline in Flutter's stock.

Betting giant Flutter has announced a significant overhaul of its management team at its U.S. FanDuel unit.

FanDuel has named a new top executive as the company continues its strategic push into the burgeoning prediction markets sector.

London-based streaming service DAZN is aggressively seeking to acquire local NBA broadcast rights, aiming to establish itself as a major hub in the American sports streaming market. The company is actively engaging with teams previously associated with FanDuel.

FanDuel is reportedly working to gain ground in the competitive prediction markets sector. The company is strategizing to improve its position against existing players.

An analyst predicts that Arkansas's sports betting handle and gross gaming revenue could quadruple following the anticipated launches of major platforms like DraftKings and FanDuel in the state.

A US bank predicts that the FanDuel app could generate an additional $125 million in revenues, a figure not yet included in Flutter's official guidance.

After a prolonged delay, the popular sports betting platform FanDuel has officially gone live in Arkansas, expanding its market presence in the state.

Flutter Entertainment reported a moderation in customer growth and a decline in market share during its fourth quarter.

DraftKings and FanDuel have received approval to operate as vendors in Arkansas, where three racinos have been using white-label platforms since 2022.