The American Gaming Association (AGA) has confirmed to Global Gaming Insider that Fanatics has chosen to relinquish its membership status with the AGA following its official launch of Fanatics Markets on December 3.
Fanatics debuted its prediction markets platform in 10 states across the US, with 14 additional launches having been unveiled by December 5.
In July 2025, Fanatics acquired Paragon Global Markets, which is federally registered as an introducing broker with the Commodity Futures Trading Commission (CFTC) and a member of the National Futures Association.
Event-based contracts offered by Fanatics Markets are supplied by Crypto.com/Derivatives North America, a CFTC-registered exchange and clearinghouse.
The AGA has spoken of its concerns regarding prediction markets on numerous occasions, with President and CEO Bill Miller arguing entities such as Kalshi and Polymarket operate entirely outside the regulatory framework established by states, Tribal governments and federal law.
The Association confirmed Fanatics relinquished its membership on the week of December 1, but did not provide further comment at the time of writing.
On November 18, both DraftKings and FanDuel chose to conclude its membership status with the AGA, citing misalignment in "certain areas" after announcing its own prediction markets platforms earlier in 2025.
A FanDuel spokesperson shared the following statement with Global Gaming Insider after the decision: "FanDuel has built our business by maintaining strong industry partnerships. We value the spirit of collaboration that comes with these relationships.
"But as we expand into prediction markets, we recognize this direction is not aligned with the (AGA)'s current priorities for its member operators. After thoughtful consideration, we have decided to step back from our AGA membership at this time."
DraftKings stated its strategic plans "no longer fully align with the AGA's direction," having announced its acquisition of Railbird Technologies in October.
In related news, AGA SVP of Strategic Communications Joe Maloney was appointed as new President and CEO of the Sports Betting Alliance on December 11, shortly after a prediction market trade association was formed by Kalshi in partnership with Crypto.com.
Fanatics Betting & Gaming began implementing OpenBet's Protect Suite across its US operations on December 9, including OpenBet Locator, a geolocation and fraud prevention system
