DraftKings, FanDuel Put $7 Million Into Nebraska Betting Vote
DraftKings and FanDuel each added $3.5 million as the Nebraska online betting campaign reached $14.65 million before the November 3 vote. The post DraftKings, FanDuel Put $7 Million Into Nebraska Betting Vote appeared first on ReadWrite .
DraftKings and FanDuel have each contributed $3.5 million to Nebraska's online sports betting campaign as prediction markets reached a weekend volume of over $9.4 billion. The funds are being directed towards Tax Relief Nebraska, a proposal that would legalize and regulate online wagering in the state. The measures for mobile betting and its operating rules will be put to a vote in Nebraska's general election on November 3.
The latest financial filing shows a total of $14.65 million in campaign contributions, including a recent $250,000 donation from BetMGM. The expansion of the sports betting market in Nebraska is an opportunity for DraftKings beyond its sportsbook operations, as the company could benefit from the growth of prediction markets. The CFTC's approval of Kalshi's US500 perpetual futures contract is another step in Kalshi's expansion, indicating the increasing importance of prediction markets in the sports betting landscape.
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