In Washington D.C., a competitive sports betting bill aimed at transforming the sports betting landscape has been introduced, signaling a potential shift towards an open, competitive market. Spearheaded by DC Councilman Kenyan McDuffie, the proposed legislation seeks to overhaul the existing licensing system, enabling sports venues and teams to offer citywide, mobile sports betting. This move comes amid discussions involving FanDuel and Intralot, with the current system allowing only a single choice for online sports betting. The bill, set to be officially introduced on Friday, contrasts sharply with the D.C. Lottery's proposal, which suggested FanDuel as the sole replacement for GambetDC. This development could pave the way for multiple betting apps to operate in the district, diverging from the monopolistic approach seen in other states where companies like FanDuel and DraftKings dominate the market.
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State-imposed bans on online fantasy sports betting will not eliminate these games. Instead, they will ensure that companies such as FanDuel and DraftKings enjoy a duopoly on online sports betting in the United States. https://t.co/304R73R6pK
DraftKings trade-secret case is 'character assassination,' Fanatics exec says @blakebrittain https://t.co/nuLmByMEk4 https://t.co/1wDribYV3F
Interesting battle here, @FanDuel and @DraftKings are trying to shut down @PrizePicks by spending millions on state lobbyists because they don’t like how fast PrizePicks is growing. Let the marketplace battle happen. https://t.co/Kw194c5qIN
Online sports betting companies are using the same legal playbook that once threatened their operations to eliminate competitors. https://t.co/304R73R6pK
A bill, which will be officially introduced Friday, could allow for multiple betting apps to accept online wagers in Washington D.C. in the near future. The proposal differs from the D.C. Lottery's proposal of having just FanDuel replace GambetDC. https://t.co/qQNwUoewxJ
DC Councilman Kenyan McDuffie has filed a bill that would allow for an open, competitive market in the nation's capital, where consumers currently have only a single choice for online sports betting. https://t.co/jEZcsGQIAz
A D.C. lawmaker wants to boost the city’s lackluster sports gambling operation through a bill that would overhaul the licensing system and create pathways for sports venues and teams to offer citywide, mobile sports betting. https://t.co/HbMROe6a6v
If your home betting state bans NCAA/Prop betting, will you:
Amid the FanDuel-Intralot announcement, a competitive sports betting bill has been introduced in DC. More to come at @LSPReport.