Amy Howe has departed as chief executive of FanDuel after five years leading the sports betting company, the company confirmed.

Howe's tenure coincided with a significant expansion period for the sports betting industry following the Supreme Court's 2018 decision to overturn the federal ban on sports wagering. During this time, FanDuel established itself as one of the leading operators in the rapidly growing market.

The departure comes as the sports betting landscape faces evolving competitive pressures, including the emergence of prediction-market companies that represent a new form of competition for traditional sportsbooks.

FanDuel has not yet announced Howe's replacement or provided details about the leadership transition. The company operates as one of the largest online sportsbooks in the United States, competing with rivals such as DraftKings in the daily fantasy sports and sports betting markets.

The timing of Howe's exit was not specified, and neither FanDuel nor Howe immediately provided additional details about the circumstances surrounding her departure.