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FanDuel to Launch Prediction Markets Amid Regulatory Challenges

10/16/2025

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Summary

FanDuel Expands Markets

Flutter Entertainment plc, operator of FanDuel Sportsbook, plans to launch prediction markets by the end of 2025 after a partnership with CME Group, Inc.
The move could give FanDuel a competitive edge over DraftKings, as several states warn these markets risk license revocation.
Kalshi, Inc. is exploring a casino-like product merging prediction trading with interactive gaming, while both platforms face regulatory challenges in the US.

Summary

Mamdani Leads Mayoral Race

Zohran Mamdani, a Democratic Socialist and Queens state assembly member, leads the New York City mayoral race and will appear on Fox News for the first time.
Mamdani has more than $20,000 bet on potential discussion topics, including Israel and crime.
Penn State is searching for a head coach after James Franklin's departure, with BetOnline.ag listing odds and 13 new contenders as it seeks to end a 40-year championship drought.

History

Historical Context

In 2018, the U.S. Supreme Court ruled that the Professional and Amateur Sports Protection Act of 1992 was unconstitutional, allowing states to legalize sports betting. Following this, New Jersey legalized sports betting, generating over $300 million in its first year. This landmark decision has since influenced the growth of sports betting platforms like FanDuel, shaping the future of gambling in the U.S.

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FanDuel Expands Markets

Flutter Entertainment plc, operator of FanDuel Sportsbook, plans to launch prediction markets by the end of 2025 after a partnership with CME Group, Inc.
The move could give FanDuel a competitive edge over DraftKings, as several states warn these markets risk license revocation.
Kalshi, Inc. is exploring a casino-like product merging prediction trading with interactive gaming, while both platforms face regulatory challenges in the US.

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