FanDuel: Latest News, Deals, and Market Updates
US Gambling Giants Increase Lobbying Spend Ahead of Elections
DraftKings, FanDuel, and Las Vegas Sands are pouring over $72 million into political campaigns to secure favorable gambling legislation.
Louis Ruggiero Unfiltered: A $10 Million Loss and the Failure of VIP Player Care
Podcaster Louis Ruggiero chronicles his battle with gambling addiction, revealing how he lost $10 million while operators continued to push bonuses.
Flutter Entertainment exits London Stock Exchange for US ambition
The gambling giant Flutter has completed its LSE delisting to focus on New York, despite a 60 percent share price drop over the last year.
NCPG Sponsorship Controversy: Recovered Gambler Slams Industry Funding
A former gambler who lost $10 million criticizes the National Council on Problem Gambling for accepting sponsorships from firms like FanDuel and Kalshi.
CME CEO Warns: Some Sports Prediction Markets Are Pure Gambling
CME Group CEO Terry Duffy differentiates between financial contracts and sportsbook-style products, warning that small parlays in prediction markets are essentially gambling.
FanDuel and DraftKings Fight Massive Addiction Lawsuit in Philadelphia Court
Two plaintiffs seek damages for gambling losses exceeding $2 million. The operators argue their free mobile apps are not 'products' subject to liability laws.
US Medical Students Use Sports Betting to Pay Tuition Fees
A survey of 1,000 healthcare students shows that 27% are turning to prediction markets and sportsbooks to fund their education costs.
Billion Dollar Milestone: Connecticut Reports Record iGaming and Sports Betting Numbers
Connecticut's gambling market is surging, with total monthly wagers hitting $2.01 billion in June, reflecting a strong 17 percent year-over-year increase.
Kalshi's World Cup Surge: 3 Million New Users Fuel $40 Billion Trading Volume
Prediction market Kalshi saw a massive jump in activity during the 2026 World Cup, capturing a 65% market share of the global prediction sector in June.
AI Dealers Replace Crypto Casino: BetHog Closes for Sentient Studios Focus
BetHog, the crypto casino founded by FanDuel co-founder Nigel Eccles, will cease operations on July 30. The company is now fully dedicated to its AI dealer business, Sentient Studios, which was spun out in April 2026 with a $10 million Series A funding round.
New York Sports Betting Revenue Drops Sharply in June Despite Record Handle
New York's online sports betting market saw a 43.5% year-on-year decline in operator revenue in June, despite bettors placing nearly $2.3 billion in wagers.
Tonybet secures license for Canada's new iGaming market in Alberta
Tonybet has received an iGaming license from the Alberta Gaming, Liquor and Cannabis Commission, expanding into Canada's second regulated online gambling market. Registrations and gross gaming revenue in Ontario grew by 52 percent in 2025.
Alberta launches online gambling, regulatory waves in North America
The Canadian province of Alberta opened its regulated online gambling market on July 13. Simultaneously, debates over gambling tax deductions and sweepstakes casino bans are flaring up in the US.
Sports Betting in Connecticut: A Limited Market with Strict Regulations
In Connecticut, sports betting is legal for individuals aged 21 and over, based on a deliberately limited model involving tribal gaming partners and the Connecticut Lottery. Since its full launch on October 19, 2021, the market has been overseen by the Department of Consumer Protection.
Arkansas Sports Betting Market Opens Up After Strict Revenue Sharing
Arkansas is easing its strict sports betting regulations. The long-standing 51 percent revenue share requirement for local casinos is softening, allowing major players like DraftKings and FanDuel to enter the market.
Bryce Harper and FanDuel Video: Betting Promotion Under Scrutiny
A video of MLB star Bryce Harper for a FanDuel VIP customer causes a stir. The customer lost 1.5 million USD and is now suing the betting provider for gambling addiction.
Flutter Cuts 180 PokerStars Jobs – Focus on FanDuel
Flutter Entertainment, the parent company of PokerStars, has confirmed workforce reductions impacting approximately 180 roles. This affects key hubs in Canada and the Isle of Man.
Alberta iGaming Market to Launch July 13: North American Giants Prepare for Entry
Canada's province of Alberta will launch a regulated online gambling market on July 13. Major brands like FanDuel and DraftKings are ready to offer sports betting and online casino games to residents, with the province aiming for over $700 million in annual revenue.
North Carolina Raises Sports Betting Tax to 23 Percent, Taxes Prediction Markets
North Carolina has increased its sports betting tax on gross wagering revenue from 18 to 23 percent. Governor Josh Stein signed this measure into law, aiming to mitigate an anticipated 2.8 billion US dollar budget shortfall.
US Gambling Companies Sued Over Addictive App Designs
A surge of lawsuits is targeting US sports betting operators, alleging that companies like FanDuel and DraftKings intentionally use addictive algorithms in their apps, leading to losses of up to $2 million.
Betr Strengthens Executive Team Ahead of 2026 Prediction Market Launch
Betr has promoted three senior executives to C-suite roles as it prepares to launch a new "Prediction Markets" product later in 2026.