Is FanDuel Eyeing US Politics As A New Betting Market?

Posted By Chops on September 12, 2019
fanduel election betting

As of today, betting on elections is not allowed in the United States.

FanDuel Sportsbook would like to see that changed.

Given the positive tide and momentum around sports betting legalization, they might get their way sooner than later.

FanDuel wants to offer politics

FanDuel was acquired by Paddy Power in the summer of 2018. Their parent company, Flutter Entertainment, owns and operates a number of legal sportsbooks in Europe. Brands such as Betfair have crushed politics for over a decade.

In an interview with Yahoo Finance, FanDuel CEO Matt King said, “We would love to offer politics. Frankly, we like to offer games that everybody loves to play. Our parent company, Flutter Entertainment, does a huge business on the Betfair exchange with political betting. So the reality is it’s just a question of: Will it be allowed from a regulatory perspective? We are working on a couple things that might be more free to play, but will certainly tie into the election.”

How Americans could wager on politics

As more states regulate sports betting, the inevitability of what can be wagered on will grow as well. Political elections are a natural new frontier.

Americans could make would be straight moneyline wagers on the election. Here, you could bet on something like: Will Donald Trump win re-election in 2020? -150

Futures wagers will be popular as well, such as: Who will win the 2020 Democratic Presidential nominee?

Where could Americans bet on politics in the US?

In the future, Americans could be able to wager on politics on any legal online sportsbook. Currently, New Jersey, Pennsylvania, West Virginia, Iowa and Nevada have legal online sportsbooks.

VIEW: Current US Election 2020 odds

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Chops

Steve “Chops” Preiss has 15 years of experience in the gaming industry. Chops began writing and producing content for digital media sites during the early poker-boom years. He has twice been voted by his peers as one of the 20 Most Influential People in Poker. Chops has also written and produced segments for a primetime gaming TV show on Versus (now NBC Sports Network) and distributed a poker program to over 160M global households.

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