FanDuel and DraftKings receive Illinois betting permits
Both DraftKings and FanDuel have received temporary sports betting permits allowing them to operate in Illinois, allowing both to launch in the state when their land-based partners receive master licences.
Both operators received management service provider permits last week, allowing them to operate a sportsbook on behalf of a land-based licence holder.
The state’s sports betting rules included a “bad actor” clause which prohibited companies who had offered previously betting or daily fantasy sports – which was offered by both DraftKings and FanDuel – in the state from receiving a master betting licence for 18 months.
However, by entering into partnerships with a land-based operator, the betting giants may enter the state without obtaining a master licence of their own, provided their partner holds such a licence.