Fantasy Sports Market by Sport Type (Baseball, Basketball, Football), Format (Daily Fantasy, Season Long), Contest Type, Revenue Model, Platform - Global Forecast 2025-2032
Description
The Fantasy Sports Market was valued at USD 35.13 billion in 2024 and is projected to grow to USD 39.52 billion in 2025, with a CAGR of 12.22%, reaching USD 88.37 billion by 2032.
Overview of the modern fantasy sports landscape emphasizing user engagement, monetization dynamics, regulatory pressures, and evolving competitive models
The following executive summary introduces a comprehensive perspective on the contemporary fantasy sports environment, articulating its primary drivers, emergent user behaviors, and the strategic choices shaping operator responses. This introduction frames the competitive dynamics by linking product innovation to audience segmentation and regulatory attention, setting the stage for a focused analysis of how stakeholders approach growth, retention, and monetization.
In establishing context, attention is paid to the interplay between platform evolution and content strategy, where mobile-first experiences and data-rich personalization increasingly determine user lifetime value. The section underscores the centrality of consumer trust, compliance readiness, and flexible revenue models as prerequisites for scaling operations across jurisdictions, while also recognizing the importance of partnerships with sports leagues, broadcasters, and payments providers in unlocking distribution and discovery.
Transitioning from macro trends to operational realities, the introduction outlines the research scope and priorities that follow: assessing transformative shifts across formats and platforms, evaluating regulatory and trade-related headwinds, and extracting actionable segmentation and regional insights that can inform executive planning. This sets a pragmatic tone focused on decisions executives can implement to improve competitive positioning and product-market fit.
Critical transformative shifts reshaping fantasy sports including platform convergence, format innovation, demographic shifts, and data-driven fan experiences
The fantasy sports landscape is undergoing a series of transformative shifts that are redefining how companies design products, acquire users, and capture value. The first major inflection is platform convergence: mobile apps, web browsers, and integrated media experiences are moving beyond siloed interactions toward unified journeys where discovery, play, and reward coexist within single user flows. This consolidation increases the importance of cross-platform consistency and frictionless identity and payment experiences.
A parallel shift comes from format innovation, where daily and season-long experiences diverge in user intent and engagement rhythm. Operators are optimizing for micro-moments with head-to-head contests and tournaments while maintaining loyal cohorts through season-long best ball and traditional leagues. These format differences drive distinct retention and monetization strategies, from tournament prize pools to subscription and advertising mixes.
Data and analytics are at the core of transformative change: machine learning models inform lineup recommendations, personalization, and dynamic pricing, and they also enable real-time fraud detection and risk management. Meanwhile, demographic shifts and new interest cohorts-driven by younger audiences and cross-genre fans-are prompting product designers to integrate social features, streaming tie-ins, and gamified incentives that reframe fantasy play as broader entertainment experiences.
Anticipated cumulative effects of United States tariffs in 2025 on fantasy sports operators reshaping cost structures, platform ties and content licensing
The cumulative impact of United States tariff measures enacted or proposed in 2025 has implications that extend into operational costs, partner economics, and content pipelines for fantasy sports participants. At an operational level, tariffs linked to imported hardware and networking equipment can increase the cost base for firms that maintain on-premises infrastructure or that depend on specialized data center appliances. Even for cloud-native operators, higher costs passed along by infrastructure providers may influence contractual negotiations and platform investment choices.
Tariff-driven changes to cross-border services and content licensing agreements can also shift the economics of media partnerships. Licensing terms for highlights, live clips, and archive access may be renegotiated if intermediary costs rise, and smaller operators that rely on aggregated media partners could see margin compression. Payment processing and fintech partnerships are sensitive to trade policy as well; changes in fees or compliance burdens for cross-border settlement can affect the viable set of payment rails.
Finally, the regulatory and reputational environment interacts with trade measures: firms may alter supply chain strategies, diversify vendor lists, or accelerate localization of infrastructure and content to mitigate tariff exposure. These adjustments produce secondary effects on product roadmaps and go-to-market timing as organizations balance short-term cost pressures with long-term investment in customer experience and compliance procedures.
Segmentation insights on how sport type, format, platform, revenue model and contest type shape product, user behavior and monetization
Segmentation provides a strategic lens for designing differentiated products and informed commercial strategies. When sport type is the primary axis, variations among Baseball, Basketball, Football, Hockey, and Soccer demand tailored content cadence, scoring models, and narrative hooks; Basketball and Football often require bifurcated approaches for College and Professional levels because fan motivations and legal considerations diverge between amateur and pro ecosystems.
Format segmentation-daily fantasy versus season-long-drives not only product mechanics but also marketing, retention, and community strategies. Daily Fantasy households favor head-to-head matchups and tournament dynamics that amplify short-term excitement, whereas season-long participants gravitate toward best ball and traditional league structures that reward long-term engagement and foster league governance norms. Platform choice remains central to reach and experience: Android, iOS, and web browser channels each carry distinct UX expectations, monetization potential, and lifecycle hooks that inform investment priorities.
Revenue model differentiation-advertising and sponsorship, entry fees, and subscription fees-creates discrete profitability pathways and shapes partnership appetites. Contest type segmentation across head-to-head, leagues, multipliers, and tournaments furthermore influences risk and prize management, compliance profiles, and customer acquisition economics. Synthesizing these axes enables operators to align product features and commercial models with clearly defined customer cohorts and competitive advantages.
Regional analysis comparing Americas, Europe, Middle East & Africa, and Asia-Pacific examining user preferences, payments, regulation and partnership dynamics
Regional dynamics materially affect strategic choices for operators seeking scale across diverse markets. In the Americas, consumer familiarity with fantasy formats, a mature advertising ecosystem, and sophisticated payment infrastructure create fertile ground for aggressive product experimentation, but this is balanced by a complex patchwork of state-level regulation and advertising constraints that require careful compliance planning.
Across Europe, Middle East & Africa, differences in sports popularity, media rights fragmentation, and local regulatory regimes mandate adaptive go-to-market strategies that prioritize partnerships with regional broadcasters and payment providers. Localization of language, UX conventions, and contest types is often necessary to achieve meaningful engagement in these markets, and operators frequently pursue joint ventures or white-label relationships to accelerate market access.
Asia-Pacific presents a distinct mix of high mobile adoption, alternative payment ecosystems, and fast-evolving content consumption habits. Here, integrating with local app stores, messaging platforms, and in-region influencers can unlock discovery, while payment integrations that reflect local preferences are essential for conversion. Across each region, understanding the interplay of user preferences, payment infrastructures, regulatory constraints, and partnership opportunities is critical to prioritizing investment and operational focus.
Key company insights highlighting competitive positioning, product differentiation, strategic partnerships, technology investments, and go-to-market approaches among leading fantasy sports operators
Company-level dynamics reveal how leading operators differentiate through product, partnerships, and technology investments. Market leaders commonly emphasize deep integration with live sports media, securing highlight rights and working with broadcasters to embed fantasy experiences into the viewing journey, which strengthens acquisition funnels and sponsorship value.
Product differentiation often centers on proprietary recommendation engines, real-time analytics for lineup optimization, and UX choices that reduce friction in onboarding and contest entry. Technology investments in fraud detection, identity verification, and scalable backend services not only protect margins but also underpin regulatory compliance, fostering trust with payments partners and advertisers. Strategic partnerships vary from league and team collaborations to alliances with data providers and payment processors, enabling differentiated content and smoother transactions.
Competitive positioning also reflects go-to-market models: some firms pursue broad consumer reach with ad-supported and free-to-play options, while others target higher ARPU segments with premium subscriptions and curated tournaments. Observing these patterns provides a playbook for how operators can align investment with desired positioning-whether that is rapid user acquisition, premium monetization, or deep integration with the sports media ecosystem.
Actionable recommendations for industry leaders to accelerate growth, optimize monetization, navigate regulation, improve retention and leverage data science
Industry leaders can adopt a set of pragmatic, high-impact actions to strengthen market position and improve resilience. First, prioritize cross-platform cohesion by investing in consistent identity, payment, and personalization layers that reduce churn and enhance lifetime engagement; this enables segmented monetization strategies to be executed with greater efficiency and less friction.
Second, deepen strategic partnerships with rights holders and broadcasters to embed fantasy experiences into live programming, thus turning passive viewers into active participants. This approach amplifies discovery and creates sponsorship opportunities that blend brand visibility with measurable engagement metrics. Third, apply advanced data science to optimize product recommendations, dynamic prize structures, and fraud mitigation; these efforts should be paired with transparent governance and explainability to maintain consumer trust and regulatory alignment.
Fourth, diversify revenue mixes by balancing entry fees, subscriptions, and advertising while testing novel formats that can capture underserved cohorts. Finally, prepare supply chain and vendor strategies to mitigate trade and policy risks by diversifying infrastructure providers, localizing key services where appropriate, and building contractual flex on content and licensing terms. These steps collectively improve agility and position businesses to capitalize on emerging opportunities.
Research methodology blending primary interviews, platform analytics, behavioral analysis, legal review, and triangulation of industry inputs
The research underpinning this analysis blends qualitative and quantitative approaches to ensure findings are robust, traceable, and operationally relevant. Primary interviews were conducted with operators, platform partners, league representatives, and payments providers to surface firsthand perspectives on product decisions, compliance practices, and commercial dynamics. These interviews were synthesized to identify consistent patterns and divergent strategic choices across participant types.
Quantitative inputs derived from platform analytics and behavioral datasets helped validate engagement hypotheses and illuminated retention and conversion flows across channels. Behavioral analysis focused on cohort movement between contest types and formats, while technical review assessed commonalities in identity, payment, and fraud-management stacks. Legal and policy reviews contextualized regulatory constraints and trade policy implications, forming the basis for scenario analysis without speculative forecasting.
Findings were triangulated across sources to reduce bias and to ensure recommendations reflect both market realities and practical implementation considerations. This methodological combination aims to produce actionable intelligence that aligns executive priorities with empirically grounded insights.
Conclusive perspectives synthesizing strategic imperatives, regulatory considerations, product evolution, and ecosystem partnerships to guide executive decisions
The conclusion synthesizes the critical imperatives that executives must weigh when navigating the current fantasy sports ecosystem. Strategic differentiation requires clear choices around format focus, platform investment, and revenue mix, while governance and compliance remain non-negotiable pillars for long-term viability. Integrating personalization and data-driven product features improves engagement, but such investments must be balanced by robust fraud detection and transparent user protections.
Regulatory and trade considerations introduce operational complexity that affects vendor selection, content licensing arrangements, and payment networks. Organizations that proactively build flexible supply chains and localized capabilities will better manage policy-driven cost shifts and partnership renegotiations. At the same time, regional strategies must respect local preferences and payment norms while leveraging global tech efficiencies where legal frameworks permit.
Ultimately, the strategic path forward combines selective investments in data, partnerships with media and payments ecosystems, and disciplined product segmentation to serve distinct user cohorts. This multifaceted approach equips decision-makers to pursue growth while preserving compliance, customer trust, and long-term profitability within a rapidly evolving entertainment landscape.
Note: PDF & Excel + Online Access - 1 Year
Overview of the modern fantasy sports landscape emphasizing user engagement, monetization dynamics, regulatory pressures, and evolving competitive models
The following executive summary introduces a comprehensive perspective on the contemporary fantasy sports environment, articulating its primary drivers, emergent user behaviors, and the strategic choices shaping operator responses. This introduction frames the competitive dynamics by linking product innovation to audience segmentation and regulatory attention, setting the stage for a focused analysis of how stakeholders approach growth, retention, and monetization.
In establishing context, attention is paid to the interplay between platform evolution and content strategy, where mobile-first experiences and data-rich personalization increasingly determine user lifetime value. The section underscores the centrality of consumer trust, compliance readiness, and flexible revenue models as prerequisites for scaling operations across jurisdictions, while also recognizing the importance of partnerships with sports leagues, broadcasters, and payments providers in unlocking distribution and discovery.
Transitioning from macro trends to operational realities, the introduction outlines the research scope and priorities that follow: assessing transformative shifts across formats and platforms, evaluating regulatory and trade-related headwinds, and extracting actionable segmentation and regional insights that can inform executive planning. This sets a pragmatic tone focused on decisions executives can implement to improve competitive positioning and product-market fit.
Critical transformative shifts reshaping fantasy sports including platform convergence, format innovation, demographic shifts, and data-driven fan experiences
The fantasy sports landscape is undergoing a series of transformative shifts that are redefining how companies design products, acquire users, and capture value. The first major inflection is platform convergence: mobile apps, web browsers, and integrated media experiences are moving beyond siloed interactions toward unified journeys where discovery, play, and reward coexist within single user flows. This consolidation increases the importance of cross-platform consistency and frictionless identity and payment experiences.
A parallel shift comes from format innovation, where daily and season-long experiences diverge in user intent and engagement rhythm. Operators are optimizing for micro-moments with head-to-head contests and tournaments while maintaining loyal cohorts through season-long best ball and traditional leagues. These format differences drive distinct retention and monetization strategies, from tournament prize pools to subscription and advertising mixes.
Data and analytics are at the core of transformative change: machine learning models inform lineup recommendations, personalization, and dynamic pricing, and they also enable real-time fraud detection and risk management. Meanwhile, demographic shifts and new interest cohorts-driven by younger audiences and cross-genre fans-are prompting product designers to integrate social features, streaming tie-ins, and gamified incentives that reframe fantasy play as broader entertainment experiences.
Anticipated cumulative effects of United States tariffs in 2025 on fantasy sports operators reshaping cost structures, platform ties and content licensing
The cumulative impact of United States tariff measures enacted or proposed in 2025 has implications that extend into operational costs, partner economics, and content pipelines for fantasy sports participants. At an operational level, tariffs linked to imported hardware and networking equipment can increase the cost base for firms that maintain on-premises infrastructure or that depend on specialized data center appliances. Even for cloud-native operators, higher costs passed along by infrastructure providers may influence contractual negotiations and platform investment choices.
Tariff-driven changes to cross-border services and content licensing agreements can also shift the economics of media partnerships. Licensing terms for highlights, live clips, and archive access may be renegotiated if intermediary costs rise, and smaller operators that rely on aggregated media partners could see margin compression. Payment processing and fintech partnerships are sensitive to trade policy as well; changes in fees or compliance burdens for cross-border settlement can affect the viable set of payment rails.
Finally, the regulatory and reputational environment interacts with trade measures: firms may alter supply chain strategies, diversify vendor lists, or accelerate localization of infrastructure and content to mitigate tariff exposure. These adjustments produce secondary effects on product roadmaps and go-to-market timing as organizations balance short-term cost pressures with long-term investment in customer experience and compliance procedures.
Segmentation insights on how sport type, format, platform, revenue model and contest type shape product, user behavior and monetization
Segmentation provides a strategic lens for designing differentiated products and informed commercial strategies. When sport type is the primary axis, variations among Baseball, Basketball, Football, Hockey, and Soccer demand tailored content cadence, scoring models, and narrative hooks; Basketball and Football often require bifurcated approaches for College and Professional levels because fan motivations and legal considerations diverge between amateur and pro ecosystems.
Format segmentation-daily fantasy versus season-long-drives not only product mechanics but also marketing, retention, and community strategies. Daily Fantasy households favor head-to-head matchups and tournament dynamics that amplify short-term excitement, whereas season-long participants gravitate toward best ball and traditional league structures that reward long-term engagement and foster league governance norms. Platform choice remains central to reach and experience: Android, iOS, and web browser channels each carry distinct UX expectations, monetization potential, and lifecycle hooks that inform investment priorities.
Revenue model differentiation-advertising and sponsorship, entry fees, and subscription fees-creates discrete profitability pathways and shapes partnership appetites. Contest type segmentation across head-to-head, leagues, multipliers, and tournaments furthermore influences risk and prize management, compliance profiles, and customer acquisition economics. Synthesizing these axes enables operators to align product features and commercial models with clearly defined customer cohorts and competitive advantages.
Regional analysis comparing Americas, Europe, Middle East & Africa, and Asia-Pacific examining user preferences, payments, regulation and partnership dynamics
Regional dynamics materially affect strategic choices for operators seeking scale across diverse markets. In the Americas, consumer familiarity with fantasy formats, a mature advertising ecosystem, and sophisticated payment infrastructure create fertile ground for aggressive product experimentation, but this is balanced by a complex patchwork of state-level regulation and advertising constraints that require careful compliance planning.
Across Europe, Middle East & Africa, differences in sports popularity, media rights fragmentation, and local regulatory regimes mandate adaptive go-to-market strategies that prioritize partnerships with regional broadcasters and payment providers. Localization of language, UX conventions, and contest types is often necessary to achieve meaningful engagement in these markets, and operators frequently pursue joint ventures or white-label relationships to accelerate market access.
Asia-Pacific presents a distinct mix of high mobile adoption, alternative payment ecosystems, and fast-evolving content consumption habits. Here, integrating with local app stores, messaging platforms, and in-region influencers can unlock discovery, while payment integrations that reflect local preferences are essential for conversion. Across each region, understanding the interplay of user preferences, payment infrastructures, regulatory constraints, and partnership opportunities is critical to prioritizing investment and operational focus.
Key company insights highlighting competitive positioning, product differentiation, strategic partnerships, technology investments, and go-to-market approaches among leading fantasy sports operators
Company-level dynamics reveal how leading operators differentiate through product, partnerships, and technology investments. Market leaders commonly emphasize deep integration with live sports media, securing highlight rights and working with broadcasters to embed fantasy experiences into the viewing journey, which strengthens acquisition funnels and sponsorship value.
Product differentiation often centers on proprietary recommendation engines, real-time analytics for lineup optimization, and UX choices that reduce friction in onboarding and contest entry. Technology investments in fraud detection, identity verification, and scalable backend services not only protect margins but also underpin regulatory compliance, fostering trust with payments partners and advertisers. Strategic partnerships vary from league and team collaborations to alliances with data providers and payment processors, enabling differentiated content and smoother transactions.
Competitive positioning also reflects go-to-market models: some firms pursue broad consumer reach with ad-supported and free-to-play options, while others target higher ARPU segments with premium subscriptions and curated tournaments. Observing these patterns provides a playbook for how operators can align investment with desired positioning-whether that is rapid user acquisition, premium monetization, or deep integration with the sports media ecosystem.
Actionable recommendations for industry leaders to accelerate growth, optimize monetization, navigate regulation, improve retention and leverage data science
Industry leaders can adopt a set of pragmatic, high-impact actions to strengthen market position and improve resilience. First, prioritize cross-platform cohesion by investing in consistent identity, payment, and personalization layers that reduce churn and enhance lifetime engagement; this enables segmented monetization strategies to be executed with greater efficiency and less friction.
Second, deepen strategic partnerships with rights holders and broadcasters to embed fantasy experiences into live programming, thus turning passive viewers into active participants. This approach amplifies discovery and creates sponsorship opportunities that blend brand visibility with measurable engagement metrics. Third, apply advanced data science to optimize product recommendations, dynamic prize structures, and fraud mitigation; these efforts should be paired with transparent governance and explainability to maintain consumer trust and regulatory alignment.
Fourth, diversify revenue mixes by balancing entry fees, subscriptions, and advertising while testing novel formats that can capture underserved cohorts. Finally, prepare supply chain and vendor strategies to mitigate trade and policy risks by diversifying infrastructure providers, localizing key services where appropriate, and building contractual flex on content and licensing terms. These steps collectively improve agility and position businesses to capitalize on emerging opportunities.
Research methodology blending primary interviews, platform analytics, behavioral analysis, legal review, and triangulation of industry inputs
The research underpinning this analysis blends qualitative and quantitative approaches to ensure findings are robust, traceable, and operationally relevant. Primary interviews were conducted with operators, platform partners, league representatives, and payments providers to surface firsthand perspectives on product decisions, compliance practices, and commercial dynamics. These interviews were synthesized to identify consistent patterns and divergent strategic choices across participant types.
Quantitative inputs derived from platform analytics and behavioral datasets helped validate engagement hypotheses and illuminated retention and conversion flows across channels. Behavioral analysis focused on cohort movement between contest types and formats, while technical review assessed commonalities in identity, payment, and fraud-management stacks. Legal and policy reviews contextualized regulatory constraints and trade policy implications, forming the basis for scenario analysis without speculative forecasting.
Findings were triangulated across sources to reduce bias and to ensure recommendations reflect both market realities and practical implementation considerations. This methodological combination aims to produce actionable intelligence that aligns executive priorities with empirically grounded insights.
Conclusive perspectives synthesizing strategic imperatives, regulatory considerations, product evolution, and ecosystem partnerships to guide executive decisions
The conclusion synthesizes the critical imperatives that executives must weigh when navigating the current fantasy sports ecosystem. Strategic differentiation requires clear choices around format focus, platform investment, and revenue mix, while governance and compliance remain non-negotiable pillars for long-term viability. Integrating personalization and data-driven product features improves engagement, but such investments must be balanced by robust fraud detection and transparent user protections.
Regulatory and trade considerations introduce operational complexity that affects vendor selection, content licensing arrangements, and payment networks. Organizations that proactively build flexible supply chains and localized capabilities will better manage policy-driven cost shifts and partnership renegotiations. At the same time, regional strategies must respect local preferences and payment norms while leveraging global tech efficiencies where legal frameworks permit.
Ultimately, the strategic path forward combines selective investments in data, partnerships with media and payments ecosystems, and disciplined product segmentation to serve distinct user cohorts. This multifaceted approach equips decision-makers to pursue growth while preserving compliance, customer trust, and long-term profitability within a rapidly evolving entertainment landscape.
Note: PDF & Excel + Online Access - 1 Year
Table of Contents
192 Pages
- 1. Preface
- 1.1. Objectives of the Study
- 1.2. Market Segmentation & Coverage
- 1.3. Years Considered for the Study
- 1.4. Currency
- 1.5. Language
- 1.6. Stakeholders
- 2. Research Methodology
- 3. Executive Summary
- 4. Market Overview
- 5. Market Insights
- 5.1. Integration of real-time biometric data from wearable devices into fantasy sports platforms
- 5.2. Adoption of AI-driven player performance forecasting to enhance drafting accuracy
- 5.3. Emergence of blockchain-based platforms offering transparent fantasy sports transactions
- 5.4. Expansion of cross-game loyalty programs linking fantasy football and daily fantasy sports
- 5.5. Growing popularity of interactive live streaming features with in-play fantasy updates
- 5.6. Development of social tournament formats combining betting pools and peer-to-peer gaming
- 5.7. Increasing regulatory scrutiny driving compliance technology integration in fantasy sports
- 6. Cumulative Impact of United States Tariffs 2025
- 7. Cumulative Impact of Artificial Intelligence 2025
- 8. Fantasy Sports Market, by Sport Type
- 8.1. Baseball
- 8.2. Basketball
- 8.2.1. College
- 8.2.2. Professional
- 8.3. Football
- 8.3.1. College
- 8.3.2. Professional
- 8.4. Hockey
- 8.5. Soccer
- 9. Fantasy Sports Market, by Format
- 9.1. Daily Fantasy
- 9.1.1. Head-To-Head
- 9.1.2. Tournaments
- 9.2. Season Long
- 9.2.1. Best Ball
- 9.2.2. Traditional League
- 10. Fantasy Sports Market, by Contest Type
- 10.1. Head-To-Head
- 10.2. Leagues
- 10.3. Multipliers
- 10.4. Tournaments
- 11. Fantasy Sports Market, by Revenue Model
- 11.1. Advertising & Sponsorship
- 11.2. Entry Fees
- 11.3. Subscription Fees
- 12. Fantasy Sports Market, by Platform
- 12.1. Android App
- 12.2. iOS App
- 12.3. Web Browser
- 13. Fantasy Sports Market, by Region
- 13.1. Americas
- 13.1.1. North America
- 13.1.2. Latin America
- 13.2. Europe, Middle East & Africa
- 13.2.1. Europe
- 13.2.2. Middle East
- 13.2.3. Africa
- 13.3. Asia-Pacific
- 14. Fantasy Sports Market, by Group
- 14.1. ASEAN
- 14.2. GCC
- 14.3. European Union
- 14.4. BRICS
- 14.5. G7
- 14.6. NATO
- 15. Fantasy Sports Market, by Country
- 15.1. United States
- 15.2. Canada
- 15.3. Mexico
- 15.4. Brazil
- 15.5. United Kingdom
- 15.6. Germany
- 15.7. France
- 15.8. Russia
- 15.9. Italy
- 15.10. Spain
- 15.11. China
- 15.12. India
- 15.13. Japan
- 15.14. Australia
- 15.15. South Korea
- 16. Competitive Landscape
- 16.1. Market Share Analysis, 2024
- 16.2. FPNV Positioning Matrix, 2024
- 16.3. Competitive Analysis
- 16.3.1. DraftKings Inc.
- 16.3.2. FanDuel Inc.
- 16.3.3. MyTeam11 Fantasy Sports Private Limited
- 16.3.4. PlayerzPot Media Private Limited
- 16.3.5. RotoWire, Inc.
- 16.3.6. FantasyPros, Inc.
- 16.3.7. RealFevr, S.A.
- 16.3.8. Sorare SAS
- 16.3.9. ThriveFantasy, Inc.
- 16.3.10. Underdog Fantasy, Inc.
- 16.3.11. SportsHub Games Network, LLC
- 16.3.12. Fantrax, Inc.
- 16.3.13. PlayON Sports Ltd.
- 16.3.14. Sleeper, Inc.
- 16.3.15. StatHero, Inc.
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