FanDuel has announced the impending shuttering of its peer-to-peer (P2P) daily fantasy sports platform FanDuel Picks, less than a year after the product first went live.
The operator debuted the platform in August 2025, initially launching in 17 states across the US.
FanDuel said the decision to sunset the product was made so as to “reallocate resources to other areas of our business where we see the greatest opportunity to serve our customers”.
The company explained that any paid FanDuel Picks entries currently live or upcoming will continue to run as scheduled and will be settled as normal.
The last contests to enter will take place on 23 April, while customers will have until 29 May to withdraw funds from their accounts.
A FanDuel statement read: “Last year, we launched FanDuel Picks to give customers a new way to compete with friends through peer-to-peer contests. We’re proud of the work that went into building this experience and the creativity behind it.
“After careful consideration, we’ve made the decision to sunset FanDuel Picks and reallocate resources to other areas of our business where we see the greatest opportunity to serve our customers.
“Through this transition, we’re committed to making it easy for customers to wrap up their contests and withdraw their funds. We appreciate all the customers who participated in FanDuel Picks and helped shape the experience.”
FanDuel expanded into the DFS+ space dominated by PrizePicks, along with operators Underdog, Sleeper and Betr, while long-term rival DraftKings has Pick6.
However, prediction markets have disrupted the US gambling industry since December 2024, with FanDuel rolling out FanDuel Predicts in December 2025.
The joint venture with CME Group is live in all 50 states, though sports event contracts are only available in US states without legalised sports betting.
FanDuel, which is owned by New York-listed Flutter, said it expects to invest close to $300m in FanDuel Predicts in 2026, though bosses are not projecting any revenue from the new venture in this year’s earnings.
In addition to the closure of FanDuel Picks, reports suggest the operator is also planning to shutter its linear FanDuel TV network.
As first reported by the Paulick Report, the live horseracing network is set to close within the next 18 months.
FanDuel TV first launched in 2022, rebranding from linear horseracing network TVG, which was run by Flutter subsidiary Betfair. Betfair acquired TVG for $50m in 2009.
The network’s closure would lead to the reduction of around 60% of its workforce from 1 July onwards, with more job cuts expected to follow.
Reports say FanDuel TV employees were notified of the decision on Friday, 27 March, via a virtual town hall meeting.
The network’s non-horseracing programming will continue to run as normal for the foreseeable future, including shows such as the NFL-focused Up & Adams, and the NBA-centric Run it Back.
FanDuel TV’s closure won’t impact the operator’s online horseracing product, with the company still offering the vertical in the US via FanDuel Sportsbook and the dedicated FanDuel Racing app.
The post FanDuel to shutter P2P DFS platform just eight months after launch first appeared on EGR Intel.
Operator announces impending closure of FanDuel Picks, after first launching the product last August, while reports indicate up to 100 jobs at risk from separate FanDuel TV closure
The post FanDuel to shutter P2P DFS platform just eight months after launch first appeared on EGR Intel.