FanDuel cuts jobs as NCPG raises concerns about prediction markets
FanDuel is cutting jobs as prediction-market platforms draw billions of dollars in trading activity and reshape competitive dynamics across the gambling and speculative-wagering landscape, according to a June 12 report by Gary Rotstein. The National Council on Problem Gambling is expressing concerns about prediction markets. Kalshi is worried about competition from Polymarket. The article groups these three developments under the heading 'EndGame.' No specific figures on the FanDuel cuts or detailed statements from the NCPG or Kalshi were provided. Prediction-market platforms such as Polymarket and Kalshi are attracting billions in trading activity.
Any sustained job cuts at FanDuel signal that traditional sportsbook operators are losing talent and capital to prediction-market platforms. Kalshi's worry about Polymarket competition shows the CFTC-regulated venue is now fighting on two fronts — against offshore rivals and against crypto-native market makers who can price tighter.