By The Weekly Edge desk ·
Maryland Lottery and Gaming scheduled its next regular Commission meeting for 22 October 2026 in Baltimore. The agenda includes consideration of a sports wagering facility operator licence renewal for FBG Enterprises Opco, LLC, trading as Fanatics Betting and Gaming.
The commission will consider renewal of Fanatics Betting and Gaming’s sports wagering facility operator licence.
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Casino gaming contributions include funding for Maryland’s Education Trust Fund.
Fanatics’ potential $1bn advertising spend would support its effort to challenge DraftKings and FanDuel in US sports betting.
Fanatics plans to increase marketing spending from $350m to $800m, potentially $1bn, to narrow the gap with DraftKings and FanDuel.
Kalshi’s proposed rule would allow financial penalties, suspension or account deactivation for users harassing athletes or third parties over trading.
Sportsbooks face increased prediction market marketing spending, with acquisition costs roughly $200 per trader versus $250 per sportsbook customer.
The lawsuit challenges Fanatics Live's permitted random team card breaks as unlicensed lotteries despite its stated gambling prohibition.