Name: Impacts of State Bans on Sports Betting Prediction Markets
Uploaded: 2025-12-16T17:35:19-05:00
Duration: 1 min 45 s
Description: As 2025 draws to a close, top betting companies like FanDuel and DraftKings face challenges, with bans in some states jeopardizing their licenses going forward.

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As 2025 draws to a close, top betting companies like FanDuel and DraftKings face challenges, with bans in some states jeopardizing their licenses going forward.

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Impacts of State Bans on Sports Betting Prediction Markets

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Some states don't want prediction markets to be involved, and therefore, if you're getting in bed, so to speak, with some of those companies or some of those activities, you may lose your license, and that really is the big story as we end 2025. Yeah, I mean, it's wild. If we were talking this time last year, this wasn't a blip on anyone's radar, right? Their prediction markets were a small thing, basically just betting on elections. Sports betting starts happening early, earlier this year, and yeah, blows up to the point that now all the major sports books are figuring out whether they want to do this and how they're doing it. We've already seen Fanatics launch its its product, Fanatics Markets. Uh, it's live in, in a bunch of states right now. Now, FanDuel supposedly launching before the end of the year. DraftKings also launching either later this year or, uh, early next year. And yeah, it's kind of fraught. Like they are, they're this, in this, between a rock and a hard place on all of this. They are seeing these companies, Calci and Polymarket and, and Crypto.com come and try to take their lunch, uh, try to offer sports betting in all 50 states. Uh, you know, this is a sports betting exchange. It is a different model than, than state regulated sports books, but they're looking at that and saying, If this is legal, we need to be involved with this, and they, they've taken steps to do that. At the same time, a bunch of states have told prediction markets like CalSci and Crypto.com that you can't do this here. Uh, we're gonna take your license away. We saw the first evidence of that happen with Arizona's regulator taking a license away from underdog for offering daily fantasy sports in Arizona. The knock-on effect is Does that impact fanatics? Does it impact FanDuel and DraftKings when they launch their prediction markets? We don't know the answer to that question, but it is chaos right now in the, in the sports betting space as they try to figure out what's next for all of the, for all of their prediction markets offerings and how they want to tackle this market.

Impacts of State Bans on Sports Betting Prediction Markets

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