DraftKings and FanDuel desert fantasy sports merger
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13 July 2017

Fantasy sports sites DraftKings and FanDuel have deserted a plan to combine, less than a month after US competition regulators sought to block the bet9ja's welcome offer.
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The deal would have created a business with control over 90% of the marketplace for paid, everyday fantasy sports contests, federal government officials said.
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The companies stated the deal would lead to greater investment, providing advantages for consumers.

They stated they would now seek to grow individually.
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FanDuel started in Scotland in 2009 and is now based in New york city. It is second in the US for paid daily dream sports contests behind DraftKings, which started in Boston in 2012.

Fantasy sport firm FanDuel alerts of hazard from US guidelines
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The two firms specialise in a subset of fantasy sports, in which fans pick players to produce groups for single games, rather of the season, with the prospective to win cash rewards based on the result.

In November, they said they had actually concurred to . Terms were not revealed.
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At the time, they said the bet9ja's welcome offer would allow them to combine forces on regulatory problems raised by US regulators, who had compared the market to illegal betting and banned the websites in some states.
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Nigel Eccles, head of FanDuel, said it made sense to progress independently.
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"There is still massive, untapped market chance for FanDuel, and we will continue to perform our strategy to grow our company and more expand the fantasy sports market," he stated in a statement.

Draft Kings primary executive Jason Robbins likewise said terminating the merger would permit the company to "singularly focus" on development, consisting of internationally.

Last year there were an estimated 57 million fantasy sports gamers in the US alone.