Type “FanDuel vs PointsBet” into a search bar today and you’re asking a question that had a real answer in 2022 and a very different one now. FanDuel is a state-licensed US sportsbook live in 24 states plus D.C., wholly owned by Flutter Entertainment as of 2025. PointsBet, the Australian company that spent about five years building a US sportsbook around its distinctive “PointsBetting” spread wager, sold that entire American business to Fanatics Betting and Gaming in a deal that finished closing in April 2024. One of these two brands has a US app to open. The other doesn’t.
PointsBet Sold Its US Business — FanDuel Never Left
FanDuel’s story since 2019 has been expansion: a DFS operator that grew a regulated sportsbook state by state, adding Arkansas as recently as March 20, 2026. PointsBet’s US story ran the other direction. It launched stateside in 2019, eventually operated in roughly a dozen states, and then exited entirely — Fanatics paid $225 million for the sportsbook, the iGaming product, PointsBet’s retail sportsbooks (including the one inside Commanders Field), and a license to the underlying Banach Technology platform. Every US PointsBet account converted automatically into a Fanatics Sportsbook account. PointsBet has accepted no new US signups since.
| FanDuel | PointsBet | |
|---|---|---|
| US sportsbook today | Live in 24 states + D.C. | None — sold to Fanatics, April 2024 |
| Ownership | 100% Flutter Entertainment (since 2025) | ASX-listed (PBH); MIXI, Inc. controls 66.43% |
| Where it actually operates | US (24 states + D.C.), Ontario casino | Australia, Ontario & Alberta (Canada) only |
| Online casino | CT, MI, NJ, PA, WV | None in the US; iGaming in Ontario |
| Recent regulatory issue | None flagged in this review | AGCO proposed 5-day Ontario suspension, Feb. 2026 (appealing) |
| If you had an account here | Still your account | Auto-converted to Fanatics Sportsbook |
Is PointsBet Legit? Yes — But Not Here Anymore
PointsBet leaving the US wasn’t a collapse; it was a sale on favorable terms. PointsBet Holdings Limited still trades publicly on the Australian Securities Exchange, and in September 2025 Tokyo-based MIXI, Inc. bought a controlling 66.43% stake through its MIXI Australia subsidiary — a change of ownership, not a sign of trouble. Australia remains its largest market by revenue, even though that revenue slipped roughly 4% over the nine months ending March 2026. Canada is the growth story: licensed in Ontario since April 2022 and expanded into Alberta, with Canadian revenue up about 13% over the same stretch.
How Safe Is PointsBet Right Now? The AGCO Dispute
Worth knowing before trusting the brand blindly in its remaining markets: in February 2026, Ontario’s Alcohol and Gaming Commission proposed a five-day licence suspension against PointsBet Canada over a “systemic failure” to detect and report suspicious prop betting connected to the Jontay Porter scandal. PointsBet initially told regulators in March 2024 that it hadn’t offered bets on Porter, then admitted 18 months later that it had. The company is appealing, attributes the original answer to human error during an organizational transition, and the suspension has not taken effect as of this review. It has no bearing on FanDuel, a separate company under a separate license.
Which One Actually Fits a US Reader
If you’re in a FanDuel-licensed state, this comparison isn’t close — FanDuel has a live, regulated product; PointsBet has nothing to offer a US bettor at all. If you’re nostalgic for PointsBetting or still have an old PointsBet login saved, the practical move is Fanatics Sportsbook, which now runs the platform PointsBet built. If you’re in Ontario or Alberta, PointsBet is a real option, currently contesting a regulatory dispute worth factoring into how much trust you extend right now. Gambling is entertainment, not income, wherever you place a bet. 21+ where legal; call 1-800-GAMBLER for help.