Published on: November 12, 2025, 06:46h.
Updated on: November 12, 2025, 06:46h.
- Actions are part of agreements with the Nevada Gaming Control Board (NGCB).
- The regulator strongly opposes prediction markets.
- Neither operator provides sports betting services within the state.
Flutter Entertainment’s FanDuel plans to relinquish its licenses in Nevada, while DraftKings is set to cease its efforts to obtain related permits, both companies choosing to prioritize prediction markets instead of pursuing sports betting authorizations in the state.
The decision comes from agreements established with the Nevada Gaming Control Board (NGCB), which issued a statement on the matter today. Neither DraftKings nor FanDuel currently accepts sports bets in Nevada, despite being two of the largest online sportsbook operators across the United States.
“Today, the NGCB accepted the resignation of Flutter Entertainment PLC’s Order of Registration, along with all associated licenses and approvals for FanDuel Sportsbooks, including its information service provider license, while granting administrative approval for withdrawal requests concerning all ongoing and pending applications,” the statement read.
As of now, FanDuel’s presence in Nevada is restricted to offering branding and odds to Boyd Gaming’s (NYSE: BYD) Fremont Hotel Casino sportsbook in downtown Las Vegas. In August, Flutter completed a $1.758 billion deal to acquire the remaining 5% of FanDuel from Boyd. DraftKings’ presence in Nevada is mainly limited to an office in the Southwest Las Vegas region.
Nevada’s Firm Stance Against Prediction Markets
Following DraftKings’ announcement of DraftKings Predicts and FanDuel’s earlier declaration of FanDuel Predicts launching next month, it’s evident that both major players in the US online sports betting industry intend to utilize event contracts in jurisdictions where they presently do not operate.
Nevada, however, is unlikely to be among those states, as it has clearly expressed its strong opposition to sports prediction markets. Earlier this year, the NGCB attempted to displace Kalshi from the state. While Kalshi managed to come out of that challenge unscathed, the Nevada Resort Association intervened in the lawsuit, raising concerns that recent legal rulings could pave the way for Nevada to prohibit sports event contracts.
The NGCB has cautioned DraftKings and FanDuel that engaging in sports event contracts could endanger their licenses in the state—an echo of warnings from gaming regulators nationwide.
“The Board has been informed that Flutter Entertainment/FanDuel and DraftKings plan to partake in unlawful activities concerning sports event contracts,” said the regulator. “Such actions are incompatible with their participation in Nevada’s gaming market.”
The NGCB added that Nevada operators offering event contracts in other states that infringe upon those states’ regulations face potential disciplinary actions in Nevada.
Relief for Nevada’s Gaming Operators
While the online-centric approaches of DraftKings and FanDuel less suited them to Nevada—given the state’s requirement for in-person registration for mobile betting accounts—there was a prevailing belief that a future might arise when these companies would accept bets in Nevada.
This prospect now appears unlikely, which may bring relief to BetMGM, Caesars/William Hill, Circa, and STN Sports, who represent Nevada’s leading mobile sportsbooks by market share. It remains to be seen if these companies will introduce event contracts to the state, but the NGCB isn’t shutting down that possibility.
“Should a Nevada licensee decide to offer sports event contracts in the state or partner with other providers of such contracts, the Board will evaluate these developments as part of its assessment of the entity’s suitability for maintaining a Nevada gaming license under NRS 463.170,” concluded the regulator.