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Paddy Power in speak with combine with Fan Duel
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16 May 2018
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Gambling company Paddy Power Betfair has stated it remains in talks over a merger in the US with dream sports site Fan Duel.

Talks centre around combining its US operation with Fan Duel to develop an organization to "to target the potential US sports betting market".

It comes as the American Supreme Court overturned 1992 legislation that banned sports wagering in many US states.

Fan Duel permits sports fans to gamble on fantasy sports leagues and contests.
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Merger abandoned

It offers dream sport gaming around NFL American Football, MLB baseball, NBA basketball and NHL ice hockey. There are estimated to be around 30 million adult dream sports gamers in The United States and Canada.
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Players choose which contest they wish to go into, sports groups that do not breach a dream wage cap, and take part in head-to-head or multi-player contests.

The business, which was established in 2009, is based in New York and has about 400 workers.
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A proposal to merge with competitors Draft Kings was abandoned last year, after being blocked by the Federal Trade Commission on the premises that the combined firm would control a 90% market share.
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Since the Supreme Court ruling on 14 May Draft Kings has actually signified its intention to get in the sports betting market.

Horseracing channel

The Dublin-based gaming company already has an US department, that includes the TVG Network, a horseracing TV channel and online betting network which is active in 35 states.
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And in the state of New Jersey, the company has an online casino and a horse racing betting exchange.

A merger with Fan Duel would give it access to countless prospective sports wagering fans.
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Neil Wilson, chief expert at markets.com, stated betting firms were currently jockeying for position after the Supreme Court judgment.

"Fan Duel rival Draft Kings has already stated it will get in the sports wagering market and there is some sense that local incumbents might have the yohaig code ability to acquire substantial market share before UK and European operators get a possibility to mobilise their forces," he stated.
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