DraftKings to Pull Back on DFS in 4 European Markets

Published: Jan 19, 2023

There’s another twist in the story of daily fantasy sports betting today. One of the biggest betting providers in the game, DraftKings, have pulled out of four key European markets without warning. In an email sent out to customers in Ireland, Austria, Malta, and Germany, DraftKings confirmed that as of January 22nd, they would not be able to make deposits or participate in DFS betting at DraftkKngs.

Customers Advised to Withdraw Money from Accounts

Fantasy esports betting has always been one of the most popular products available at DraftKings. As with any betting site, the deposits and winnings are held in the customer’s accounts. However, in the email, which was sent out to customers on January 18th, it was strongly recommended that “you initiate a withdrawal request from DraftKings as soon as possible”.

This is because, after January 22nd, DraftKings confirmed that they would not be able to process withdrawals and would have to remit any remaining funds to the Malta Gaming Authority. This governing body has licensed DraftKings to operate in Europe for the duration of its run.

Unfortunately, DraftKings have not actually provided any official reasons as to why this sudden change has occurred. It is particularly surprising as daily fantasy esports betting is one of, if not the flagship product at DraftKings.

 

draftkings leave europe

Image credit: DraftKings

Unpopular decision – fans left disappointed by the news

Fans of DraftKings daily fantasy betting have taken to social media to express their distaste for the decision, which came completely out of the blue. This is especially true for fans of niche markets, including CSGO fantasy betting at DraftKings.

Having said that, the CFO, Jason Park, did announce that DraftKings intended to “reduce promotional intensity” across established states in the US. There is also a distinct possibility that this decision has been linked to the Q3 earnings of 2022, which hinted that DraftKings might pull back in certain markets going forward.

The Future of DraftKings DFS in Europe

There could be good news for UK fans. DraftKings holds a separate license to operate in the country from the UK Gambling Commission, which is entirely separate from their MGA license. Currently, there is still radio silence from DraftKings in terms of announcements beyond their emails, but if this decision has been influenced by the MGA, the UK may be safe.

Similarly, players in the US and in Canada can probably rest easy as not only is DraftKings owned in the US, but their largest markets are there too. Fans in the UK have not yet received any emails, but the future is unclear. While many esports betting providers are currently expanding in Europe, DraftKings is taking the opposite path.

Sophie McCarthy

Since: January 19, 2023

Sophie has been working in esports betting for over 2 years. She's a huge fan of Dota 2 and CS:GO, and keeps up with the latest esports betting industry news.

See all articles from this author

Related Articles

w7m win rainbow six invitational 2024 in sao paolo brazil
February 27, 2024

The BLAST R6 Six Invitational Breaks Records with Viewership

Tom Clancy’s Rainbow Six Siege esports continues to surge as the BLAST R6 Six Invitational becomes the biggest…
Image via Rivalry
February 27, 2024

Rivalry Partners with Launders for Launders LAN in Toronto

Esports book Rivalry and caster and esports influencer Mohan “Launders” Govindasamy have unveiled the Launders LAN, a Counter-Strike 2 tournament…
February 25, 2024

How to Watch the PGL Major Copenhagen

Top-tier Counter-Strike returns in March as the PGL Major Copenhagen 2024 kicks off pitting 24 teams against each…
Best Fortnite Skins 2021
February 20, 2024

Best Fortnite Skins 2024: Which Are The Top 10 Most Popular Skins in Fortnite?

So, you want to flash your cash, and show off your Fortnite fashion to the rest of the…
GSL Season 2 Code S: Betting Preview
February 19, 2024

GSL Code S Season 1 2024 Betting Preview: Odds, Format & Predictions

Kickstarting another season, GSL Code S betting is back with the first season of 2024 kicking off in…
February 14, 2024

Rivalry and Blacklist International Extend Partnership in Dota 2-Focused Venture

Sports betting and media company Rivalry has extended its partnership with esports organization Blacklist International, as the pair of companies…
February 13, 2024

Thunderpick World Championship Returns with $1 Million Prize Pool

Online crypto betting site Thunderpick has today announced the Thunderpick World Championship 2024, an international CS2 tournament with…
Spirit vs FaZe Analysis & Prediction - IEM Katowice 2024 Grand Final
February 11, 2024

Spirit vs FaZe Analysis & Prediction – IEM Katowice 2024 Grand Final

Despite being a rematch from the group stage, this year’s IEM Katowice Grand Final has got everyone excited…