Key Moments: FanDuel has surrendered its Nevada licenses, and DraftKings has withdrawn related applications, following agreements with the Nevada Gaming Control Board (NGCB). The NGCB has underscored strong opposition to sports prediction markets, warning operators about legal risks in Nevada. Both companies will continue expanding event contract offerings outside Nevada, leaving the state’s sportsbook market to established operators. Operators Withdraw from Nevada Flutter Entertainment’s FanDuel has officially relinquished its Nevada gaming licenses, while DraftKings has ceased pursuing similar permits. This decision follows finalized agreements with the Nevada Gaming Control Board…
Read MoreDraftKings and FanDuel Shift Strategies, Abandon Nevada Licensing Efforts
