On Thursday, the MGC sent a notice to all sports wagering licensees that they are “prohibited from offering sports-related event contracts in Massachusetts, directly or via an affiliate, related business entity, or other association.” The regulator sent the letter to licensees as FanDuel and DraftKings prepare to offer event contracts in select markets.
DraftKings and FanDuel plan to offer event contracts in states where they are not licensed for online sports betting. The two operators have offered online wagering in Massachusetts since the state opened as a regulated online sports betting market in March 2023.
The MGC plans to sanction operators who plan to offer sports event contracts in Massachusetts. It also takes expectations to operators directing Massachusetts residents to prediction market platforms that o..