DraftKings, FanDuel, Fanatics retreat from Utah prediction markets amid Kalshi firestorm
Photo: SBC Americas
KEY TAKEAWAYS: After Utah filed felony charges against Kalshi this week, at least four major gaming operators that offer prediction markets are pulling sports and political contracts out of the state. DraftKings, Fanatics, FanDuel, and PrizePicks all confirmed changes to their status in Utah after the state turned up the heat in court. Utah Attorney General Derek Brown, whose campaign received donations from gambling companies in the past, wants Kalshi to be charged with 14 counts of criminal activity. Utah’s felony charges against Kalshi spooked sports betting operators just before Halloween .
Source: SBC Americas
