<p><img src="https://imageproxy.pbkrs.com/https://talkmarkets.com/contributor/risto-ristov/user_content/ckimages/orig_naser-tamimi-yg9pcqsorag-unsplash.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://talkmarkets.com/contributor/risto-ristov/user_content/ckimages/orig_naser-tamimi-yg9pcqsorag-unsplash.jpg"/></p>
<p><em>照片由 Naser Tamimi 提供，来源于 Unsplash</em></p>
<p>在前所未有的举动中，体育博彩巨头 <strong>FanDuel</strong> (NYSE: FLUT) 和 <strong>DraftKings</strong> (Nasdaq: DKNG) 突然宣布 <strong>他们将同时退出行业的主要贸易机构——美国博彩协会 (AGA)</strong>。</p>
<p>周二的公告标志着该国两大主导体育博彩公司首次分道扬镳；然而，时机的选择无疑表明了他们这样做的原因。</p>
<p>FanDuel 和 DraftKings 明显不是随便退出 AGA，而是向投资者和行业利益相关者发出了明确的信号。显然， <strong>两家公司都感受到了来自快速发展的预测市场如 Kalshi 和 Polymarket 的压力</strong>。退出长期以来的 AGA 使 FanDuel 和 DraftKings 有机会止损。</p>
<p>这样做支持了一个共同的共识，即美国法院最终将支持联邦监管的事件合同平台，这一催化剂已经导致 DraftKings 和 FanDuel 的股价暴跌。</p>
<p><strong>AGA 快照</strong></p>
<p>AGA 成立于 1994 年，旨在代表博彩行业进行游说。以下是该协会的一些其他显著事实：</p>
<ul>
<li>代表商业赌场、部落赌场、体育博彩运营商、供应商和监管机构。</li>
<li>作为受监管的美国博彩的主要游说声音。</li>
<li>在 2018 年领导了推翻 PASPA 的重大努力，为合法的在线体育博彩铺平了道路。</li>
<li>优先考虑州级监管、严格的许可和消费者保护标准。</li>
<li>反对任何规避州税或监管结构的产品。</li>
<li>现在面临其现代历史上第一次重大会员分裂。</li>
</ul>
<h2>体育博彩的分裂表明预测市场将持续存在</h2>
<p>可以说，自从 Kalshi 揭示其体育合同在 2025 年上半年 <strong>交易额超过 20 亿美元</strong> 以来，警报声就一直在响起，而 Polymarket 在八月份宣布重新启动更是加剧了警报的响动。</p>
<p>FanDuel 无疑是反应最快的，在夏季与 <strong>CME Group</strong> (Nasdaq: CME) 建立了合作关系，计划下个月推出他们自己的预测市场产品 FanDuel Predicts。</p>
<p>另一方面，DraftKings 的反应稍显迟缓。然而，他们上个月收购 Railbird 应该会使他们在 2026 年初推出一个可能的替代品，尽管 Polymarket 在其调侃式的 “DraftKings 会在 2025 年推出预测市场吗？” 市场中已经注册了超过 23 万美元的交易。</p>
<p><em>(点击图片放大)</em></p>
<p><img src="https://imageproxy.pbkrs.com/https://www.valuewalk.com/wp-content/uploads/2025/11/image1-4.png.webp?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://www.valuewalk.com/wp-content/uploads/2025/11/image1-4.png.webp"/></p>
<p><em>来源：Polymarket</em></p>
<h2>FanDuel 和 DraftKings 与 AGA 思维模式及州监管机构的反对</h2>
<p>可以说，这两家体育博彩公司迅速退出的原因源于与 AGA 内部人士的理念冲突。</p>
<p>没有比 AGA 首席执行官 Bill Miller 的言论更为明显，他在十月份的主题演讲中表示，预测市场 <strong>“试图模糊界限，称其为投资、抽奖、技能游戏或体育事件合同——任何除了它真正的本质，即赌博。”</strong></p>
<p>必须指出的是，内华达州上周最近的决定将计划中的体育事件合同宣布为 “非法活动”，也可能巩固了与 AGA 分道扬镳的决定。大胆地说，两家运营商随后撤回了他们在内华达州的申请，而不是退缩。</p>
<p>显然，未来的趋势已经显现，美国博彩市场似乎将经历一次相当剧烈的重组。然而，对于 FanDuel 和 DraftKings 来说，维护传统贸易机构关系的时机已经过去，现在已成为一场生存的全面斗争。</p>
<hr/>
<p><em>更多来自此作者的文章：</em></p>
<p>九月就业报告对利率意味着什么？</p>
<p>现在是购买 Target 股票的时候吗？</p>
<p>策略在市场急剧抛售中增加了 8.35 亿美元的比特币</p>

DKNG

<p>FanDuel 和 DraftKings 已经退出美国博彩协会，这标志着它们向像 Kalshi 和 Polymarket 这样的预测市场转变。这一举动反映了它们适应市场动态变化和监管挑战的战略，因为预测市场正在获得关注。这一退出突显了美国博彩格局的重大变化，两家公司更倾向于寻求生存而非维持传统联系</p>

<p><img src="https://imageproxy.pbkrs.com/https://talkmarkets.com/contributor/risto-ristov/user_content/ckimages/orig_naser-tamimi-yg9pcqsorag-unsplash.jpg" alt="" original-src="https://talkmarkets.com/contributor/risto-ristov/user_content/ckimages/orig_naser-tamimi-yg9pcqsorag-unsplash.jpg"/></p>
<p><em>Photo by Naser Tamimi on Unsplash</em></p>
<div class="lb-trans"><p><em>照片由 Naser Tamimi 提供，来源于 Unsplash</em></p>
</div><p>In an unprecedented move, sportsbook kingpins <strong>FanDuel</strong> (NYSE: FLUT) and <strong>DraftKings</strong> (Nasdaq: DKNG) have abruptly announced <strong>they are both exiting the industry’s primary trade body</strong>, the American Gaming Association (AGA).</p>
<div class="lb-trans"><p>在前所未有的举动中，体育博彩巨头 <strong>FanDuel</strong> (NYSE: FLUT) 和 <strong>DraftKings</strong> (Nasdaq: DKNG) 突然宣布 <strong>他们将同时退出行业的主要贸易机构——美国博彩协会 (AGA)</strong>。</p>
</div><p>Tuesday’s announcement marks the first time the country’s two dominant sportsbooks have broken ranks; however, the timing leaves no doubt as to why they did it.</p>
<div class="lb-trans"><p>周二的公告标志着该国两大主导体育博彩公司首次分道扬镳；然而，时机的选择无疑表明了他们这样做的原因。</p>
</div><p>In a clear signal to investors and industry stakeholders, FanDuel and DraftKings didn’t just walk away from the AGA on a gamble. No, it’s evident that <strong>both companies are feeling the heat from fast-moving prediction markets like Kalshi and Polymarket</strong>. Walking away from the long-standing AGA gives FanDuel and DraftKings the chance to stem the bleeding.</p>
<div class="lb-trans"><p>FanDuel 和 DraftKings 明显不是随便退出 AGA，而是向投资者和行业利益相关者发出了明确的信号。显然， <strong>两家公司都感受到了来自快速发展的预测市场如 Kalshi 和 Polymarket 的压力</strong>。退出长期以来的 AGA 使 FanDuel 和 DraftKings 有机会止损。</p>
</div><p>In doing so, it supports the joint consensus that U.S. courts will ultimately side with federally regulated event-contract platforms soon, a catalyst that has already sent DraftKings and FanDuel’s shares nosediving.</p>
<div class="lb-trans"><p>这样做支持了一个共同的共识，即美国法院最终将支持联邦监管的事件合同平台，这一催化剂已经导致 DraftKings 和 FanDuel 的股价暴跌。</p>
</div><p><strong>AGA Snapshot</strong></p>
<div class="lb-trans"><p><strong>AGA 快照</strong></p>
</div><p>The AGA was founded in 1994 with the goal of lobbying on behalf of the gambling industry. Here are some other notable facts about the association:</p>
<div class="lb-trans"><p>AGA 成立于 1994 年，旨在代表博彩行业进行游说。以下是该协会的一些其他显著事实：</p>
</div><ul>
<li>Represents commercial casinos, tribal casinos, sportsbook operators, suppliers, and regulators.</li>
<li>Acts as the primary lobbying voice for regulated U.S. gambling.</li>
<li>Led major efforts to overturn PASPA in 2018, paving the way for legal online sports betting.</li>
<li>Prioritizes state-level oversight, strict licensing, and consumer protection standards.</li>
<li>Opposes any products that circumvent state taxes or regulatory structures.</li>
<li>Now faces the first major membership fracture in its modern history.</li>
</ul>
<div class="lb-trans"><ul>
<li>代表商业赌场、部落赌场、体育博彩运营商、供应商和监管机构。</li>
<li>作为受监管的美国博彩的主要游说声音。</li>
<li>在 2018 年领导了推翻 PASPA 的重大努力，为合法的在线体育博彩铺平了道路。</li>
<li>优先考虑州级监管、严格的许可和消费者保护标准。</li>
<li>反对任何规避州税或监管结构的产品。</li>
<li>现在面临其现代历史上第一次重大会员分裂。</li>
</ul>
</div><h2>Sportsbook split suggests prediction markets are here to stay</h2>
<div class="lb-trans"><h2>体育博彩的分裂表明预测市场将持续存在</h2>
</div><p>You could argue that the warning sirens have been blaring once Kalshi had revealed its sports contracts had <strong>garnered more than $2 billion in trades in the first half of 2025</strong>, with Polymarkets’ declaration that they were relaunching back in August only amplifying the alarm bells.</p>
<div class="lb-trans"><p>可以说，自从 Kalshi 揭示其体育合同在 2025 年上半年 <strong>交易额超过 20 亿美元</strong> 以来，警报声就一直在响起，而 Polymarket 在八月份宣布重新启动更是加剧了警报的响动。</p>
</div><p>FanDuel was undoubtedly the quickest to react by forging a partnership with <strong>CME Group</strong> (Nasdaq: CME) in the summer, which will see them launch their own prediction market offerings, FanDuel Predicts, next month.</p>
<div class="lb-trans"><p>FanDuel 无疑是反应最快的，在夏季与 <strong>CME Group</strong> (Nasdaq: CME) 建立了合作关系，计划下个月推出他们自己的预测市场产品 FanDuel Predicts。</p>
</div><p>DraftKings, on the other hand, we’re slower off the mark. Nevertheless, their acquisition of Railbird last month should see them launching a likely alternative in early 2026, although Polymarket has registered over $230k in trades in its playfully taunting, “Will DraftKings launch a prediction market in 2025?” market.</p>
<div class="lb-trans"><p>另一方面，DraftKings 的反应稍显迟缓。然而，他们上个月收购 Railbird 应该会使他们在 2026 年初推出一个可能的替代品，尽管 Polymarket 在其调侃式的 “DraftKings 会在 2025 年推出预测市场吗？” 市场中已经注册了超过 23 万美元的交易。</p>
</div><p><em>(Click on image to enlarge)</em></p>
<div class="lb-trans"><p><em>(点击图片放大)</em></p>
</div><p><img src="https://imageproxy.pbkrs.com/https://www.valuewalk.com/wp-content/uploads/2025/11/image1-4.png.webp" alt="" original-src="https://www.valuewalk.com/wp-content/uploads/2025/11/image1-4.png.webp"/></p>
<p><em>Source: Polymarket</em></p>
<div class="lb-trans"><p><em>来源：Polymarket</em></p>
</div><h2>FanDuel and DraftKings vs. AGA mindset and state regulators’ opposition</h2>
<div class="lb-trans"><h2>FanDuel 和 DraftKings 与 AGA 思维模式及州监管机构的反对</h2>
</div><p>Debatably, the reasoning behind both sportsbooks’ meteoric departure stems from the conflicting ideals of those at the AGA.</p>
<div class="lb-trans"><p>可以说，这两家体育博彩公司迅速退出的原因源于与 AGA 内部人士的理念冲突。</p>
</div><p>None starker than AGA’s CEO Bill Miller, whose keynote speech in October stated prediction markets, <strong>“attempt to blur the lines, calling it investing or sweepstakes or skill games or sports event contracts—anything but what it really is, which is gambling.”</strong></p>
<div class="lb-trans"><p>没有比 AGA 首席执行官 Bill Miller 的言论更为明显，他在十月份的主题演讲中表示，预测市场 <strong>“试图模糊界限，称其为投资、抽奖、技能游戏或体育事件合同——任何除了它真正的本质，即赌博。”</strong></p>
</div><p>It has to be said, Nevada’s recent decision last week to declare planned sports event contracts as “unlawful activities” may have also cemented the decision to part ways with the AGA. Boldly, rather than backing down, both operators subsequently withdrew their Nevada applications.</p>
<div class="lb-trans"><p>必须指出的是，内华达州上周最近的决定将计划中的体育事件合同宣布为 “非法活动”，也可能巩固了与 AGA 分道扬镳的决定。大胆地说，两家运营商随后撤回了他们在内华达州的申请，而不是退缩。</p>
</div><p>Clearly, the writing appears to be on the wall as the U.S. betting landscape looks set to endure a rather seismic restructuring. However, for FanDuel and DraftKings, the time for preserving legacy trade body ties is over now as it’s become an all-out fight for survival instead.</p>
<div class="lb-trans"><p>显然，未来的趋势已经显现，美国博彩市场似乎将经历一次相当剧烈的重组。然而，对于 FanDuel 和 DraftKings 来说，维护传统贸易机构关系的时机已经过去，现在已成为一场生存的全面斗争。</p>
</div><hr/>
<div class="lb-trans"><hr/>
</div><p><em>More By This Author:</em></p>
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</div><p>What Does The September Jobs Report Mean For Rates?</p>
<div class="lb-trans"><p>九月就业报告对利率意味着什么？</p>
</div><p>Is It Time To Buy Target Stock?</p>
<div class="lb-trans"><p>现在是购买 Target 股票的时候吗？</p>
</div><p>Strategy Adds $835M In Bitcoin Despite Sharp Market Sell-Off</p>
<div class="lb-trans"><p>策略在市场急剧抛售中增加了 8.35 亿美元的比特币</p>
</div>

FanDuel 和 DraftKings 因预测市场问题震惊退出美国博彩协会