Published on: November 18, 2025, 09:03h.
Updated on: November 18, 2025, 09:03h.
- Both FanDuel and DraftKings have exited the AGA
- The American Gaming Association serves the commercial and tribal gaming sectors
- Disagreements over prediction markets prompted the companies’ departure from the AGA
FanDuel and DraftKings have officially withdrawn their membership from the American Gaming Association (AGA).
Following the AGA’s introduction of a tracker estimating revenue and tax losses from contentious prediction markets involving sports contracts, the leading sportsbooks decided to create their own PM platforms, leading to their exit from the trade association. The AGA opposes these prediction markets, labeling them as akin to illegal sports betting.
A study released by the AGA in September revealed that 85% of American adults perceive sports event contracts as gambling. Furthermore, around 80% expressed that state gaming regulators should oversee the trading of shares related to sports outcomes, rather than federal financial authorities.
“Americans recognize a sports bet, and they expect prediction markets with sports contracts to adhere to the same regulations and consumer protections as other state-regulated sportsbooks,” stated Bill Miller, president and CEO of the AGA.
Joint Departures
Statements from the AGA, DraftKings, and FanDuel confirmed their mutual parting. The AGA officially accepted the operators’ request to terminate their memberships.
We wish them all the best and look to preserve our commitment to advocate for legal, regulated gaming,” the AGA emphasized.
DraftKings attributed its decision to differences regarding PMs.
As DraftKings’ business strategy evolves, including consideration of prediction markets, the company recognized a misalignment with the AGA’s direction on certain issues and opted to forfeit its membership,” the DraftKings statement indicated.
Similarly, FanDuel remarked that its prediction market initiatives did not align with AGA’s objectives.
We acknowledge that this [PM] strategy does not coincide with the American Gaming Association’s current focus for its members. After careful thought, we have chosen to withdraw from our AGA membership,” FanDuel commented.
The exit of FanDuel and DraftKings marks a significant challenge for the AGA and Bill Miller’s leadership. No other sportsbook or iGaming entity enjoys as much brand recognition as these two, and their involvement in prediction markets could diminish the AGA’s relevance.
Background on Daily Fantasy Sports
FanDuel and DraftKings contest the AGA’s view that prediction markets with sports contracts constitute gambling, as they plan to launch FanDuel Predict and DraftKings Predict soon. This isn’t their first instance of misalignment with the gaming sector.
Long before sports betting gained widespread acceptance, these platforms argued that their daily fantasy sports contests were based on skill, similar to poker.
Both companies have faced numerous lawsuits, including a $3 billion suit initiated by New York’s attorney general, alleging deceptive practices regarding the promotion of easy winnings in fantasy sports. The lawsuit concluded with a settlement of $12 million.