FanDuel announced it has secured market access ahead of the Dec. 1. launch of Missouri sports betting. Here's what you need to know.

The move from the Missouri Gaming Commission to pass up FanDuel for a sports betting license was seen as a major surprise. DraftKings and Circa Sports were selected instead.

FanDuel came up short earlier in the day when Missouri announced that the two coveted online-only licenses went to rival DraftKings and Circa Sports

Circa and DraftKings received the two untethered sportsbook licenses in Missouri, allowing them to operate without a partnership with a pro team or retail casino.

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The Missouri Gaming Commission heard presentations Wednesday from DraftKings, FanDuel and Circa Sports, three companies competing for two mobile sports betting licenses available in the state.

The Missouri Gaming Commission selected two companies for its two untethered sports betting licenses. Circa Sports and DraftKings won the bids. FanDuel lost in its bid for a license. The commission considered seven factors when determining who would get the two available mobile licenses.