Nebraska Voters Reject Sports Betting Measure Backed by Fanatics

Nebraska voters on Nov. 3 rejected an online sports betting measure supported by Fanatics, while lawmakers in both parties have criticized prediction markets such as Kalshi and Polymarket and Democrats are projected to control Congress. Initiative 441 failed 54.5% to 45.5% in unofficial returns. The measure had backing from at least four major sportsbooks: Fanatics, BetMGM, DraftKings and FanDuel. The campaign raised nearly $22 million, most of it from FanDuel and DraftKings. The vote comes as Fanatics tries to gain ground in U.S. sports betting.

Source: TokenPost