DraftKings and FanDuel desert dream sports merger

13 July 2017
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Fantasy sports sites DraftKings and FanDuel have deserted a strategy to merge, less than a month after US competitors regulators looked for to obstruct the deal.
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The bet9ja's welcome offer would have developed a business with control over 90% of the market for paid, everyday fantasy sports contests, federal government officials said.
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The firms stated the yohaig code bet9ja's welcome offer would lead to greater investment, supplying benefits for customers.
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They said they would now look 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 dream sports contests behind DraftKings, which began in Boston in 2012.
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Fantasy sport firm FanDuel alerts of threat from US regulations

The 2 companies specialise in a subset of dream sports, in which fans choose gamers to create groups for single video games, instead of the season, with the prospective to win money prizes based on the outcome.
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In November, they said they had consented to merge. Terms were not divulged.
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At the time, they said the deal would permit them to integrate forces on regulatory problems raised by US regulators, who had actually compared the industry to prohibited gaming and prohibited the sites in some states.
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Nigel Eccles, head of FanDuel, stated it made good sense to move forward independently.
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"There is still huge, untapped market opportunity for FanDuel, and we will continue to execute our strategy to grow our company and further expand the fantasy sports market," he said in a declaration.

Draft Kings president Jason Robbins also said ending the merger would enable the firm to "singularly focus" on development, consisting of globally.

In 2015 there were an estimated 57 million players in the US alone.