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Arizona Regulator Revokes Underdog’s Fantasy Sports License
The Arizona Department of Gaming has sent a notice to Underdog, stating that its DFS license was being pulled due to its sports prediction market platform. The regulator had warned it would consider doing so, but Underdog is expected to appeal the decision.
Underdog to Close Sportsbook As Focus Shifts to Predictions
Underdog has announced that it will close its online sportsbook in North Carolina, its only US market. The move was made as the company looks to shift its focus to its new sports prediction markets and DFS platform.
Connecticut Agrees to Delay Kalshi C&D Amid Legal Battle
The Connecticut Department of Consumer Protection has agreed to delay a cease-and-desist letter sent to Kalshi as the two sides settle a lawsuit. As part of the agreement, key trial dates were set to ensure the legal battle would be resolved soon.
MLB Warns Players Prediction Markets Are a Form of Gambling
The MLB sent a memo to its players and coaches informing them that the use of sports prediction markets violates the league’s gambling policy. It confirmed that those who engage with these platforms risk punishment, including a lifetime ban.
Independent Review Rejects HG Vora Claims Against Penn
An independent review has determined that Penn Entertainment and its board acted in the company’s best interest when choosing to shrink its board. The report rejects HG Vora's claim that the decision was an attempt to block their influence.
Fanatics Becomes First Sportsbook to Offer Prediction Platform
Fanatics stunned the industry today by launching a new prediction market platform in ten US markets. The launch is in partnership with Crypto.com and includes some states with legal sports betting. More expansion is coming soon, with Fanatics targeting larger states.
ESPN Will Integrate DraftKings Sports Prediction Markets
ESPN has announced that it will soon integrate DraftKings’ new prediction platform into its products. The move is part of the deal the two companies struck last week, which made DraftKings the company’s official betting partner.
Missouri Sports Betting Launch Sees Over 250,000 New Accounts
Missouri’s new sports betting market went live on Monday with over 250,000 active accounts, adding just under 200,000 new users during the first day. GeoComply confirmed it received around 2.6 million location checks in the state.
CFTC Nominee Promises to Accept Court Orders on Predictions
New CFTC nominee Michael Selig sat before a Senate committee this week. A major topic was sports prediction markets and how Selig would handle the debate over them. The nominee promised to abide by whatever rulings the courts provide.
Court Rejects Request to Move Baltimore Sportsbook Lawsuit
A Maryland District Court rejected a request from the city of Baltimore to move a lawsuit against FanDuel and DraftKings to federal court. The ruling determined that state courts should decide the issue since Massachusetts sets its own sports betting laws.