Another gaming operator has exited the American Gaming Association. bet365 confirmed that it has left the gaming industry association.
Key Takeaways
- bet365 has become the latest operator to exit the American Gaming Association.
- The move follows similar departures by FanDuel and DraftKings, though bet365 has not cited prediction markets as the reason for its exit.
- The explosion of prediction markets has continued to serve as a point of contention within the AGA, as several organizations have similarly exited in recent months.
“As a digital-first operator, bet365 has pulled back from the AGA due to the organization's focus on the retail casino industry,” a bet365 spokesperson told Covers on Tuesday. “We greatly value our industry partnerships and remain committed to working constructively with regulators and partners across the markets in which we operate.”
The decision follows in the footsteps of fellow major operators FanDuel and DraftKings, both of whom exited in November 2025. Both chose to exit in the hopes of expanding into the prediction market space.
“Our position is clear and unwavering: sports event contracts are gambling, and gambling is regulated by states and tribes,” AGA CEO Bill Miller wrote in a December 2025 membership letter. “In 2026, we will continue to defend this framework and uphold state authority and tribal sovereignty.”
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Prediction markets emerging as major industry factor
While bet365 cited retail casino – not prediction markets – as the reason for its departure, it has become clear for some time now that, despite ongoing regulatory concerns, major operators see potential for a huge opportunity by entering the prediction market space.
“FanDuel has built our business by maintaining strong industry partnerships. We value the spirit of collaboration that comes with these relationships,” a FanDuel spokesperson said in November. “But as we expand into prediction markets, we recognize this direction is not aligned with the American Gaming Association's current priorities for its member operators.
“FanDuel has always been the company that moves quickly, from daily fantasy to mobile sports betting to prediction markets. We build what consumers want, and we operate with an unwavering commitment to integrity.”
The exit also serves as another blow to the AGA, which has seen an exodus of members in recent months that also includes Fanatics and OpenBet during this same six-month time frame.
“These [prediction markets] operate entirely outside the legal sports betting framework established by states, tribal governments, and federal law,” Miller said in his December letter. “In doing so, they threaten the integrity of sports and the protections in place for consumers.”
