DraftKings and FanDuel desert fantasy sports merger
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13 July 2017
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Fantasy sports websites DraftKings and FanDuel have deserted a plan to combine, less than a month after US competitors regulators sought to block the deal.
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The bet9ja's welcome offer would have produced a business with control over 90% of the market for paid, everyday dream sports contests, government authorities said.

The companies said the deal would lead to greater financial investment, supplying advantages for customers.

They said they would now seek to grow independently.
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FanDuel started in Scotland in 2009 and is now based in New york city. It is number 2 in the US for paid daily fantasy behind DraftKings, which started in Boston in 2012.
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Fantasy sport firm FanDuel alerts of hazard from US regulations
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The 2 companies specialise in a subset of dream sports, in which fans pick gamers to produce teams for single video games, rather of the season, with the possible to win prize money based upon the result.
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In November, they stated they had actually concurred to combine. Terms were not revealed.
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At the yohaig code time, they stated the bet9ja's welcome offer would enable them to combine forces on regulatory concerns raised by US regulators, who had actually compared the industry to illegal gaming and banned the websites in some states.

Nigel Eccles, head of FanDuel, stated it made sense to move on separately.

"There is still huge, untapped market opportunity for FanDuel, and we will continue to execute our method to grow our business and further expand the fantasy sports industry," he said in a statement.
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Draft Kings president Jason Robbins likewise stated terminating the yohaig code merger would enable the firm to "singularly focus" on growth, including worldwide.

In 2015 there were an approximated 57 million fantasy sports players in the yohaig code US alone.