DraftKings and FanDuel desert dream sports merger

13 July 2017

Fantasy sports websites DraftKings and FanDuel have actually deserted a plan to merge, less than a month after US competition regulators sought to block the bet9ja's welcome offer.

The deal would have created a business with control over 90% of the yohaig code marketplace for paid, everyday fantasy sports contests, government authorities stated.

The companies said the deal would result in higher investment, providing advantages for customers.

They stated they would now look to grow independently.

FanDuel started in Scotland in 2009 and is now based in New York. It is number 2 in the US for paid daily dream sports contests behind DraftKings, which began in Boston in 2012.

Fantasy sport firm FanDuel warns of threat from US guidelines

The 2 firms specialise in a subset of dream sports, in which fans pick gamers to develop groups for single video games, rather of the season, with the potential to win prize money based on the outcome.

In November, they stated they had actually agreed to combine. Terms were not disclosed.

At the time, they said the deal would allow them to combine forces on regulative problems raised by US regulators, who had compared the industry to illegal gambling and banned the sites in some states.

Nigel Eccles, head of FanDuel, said it made good sense to move forward separately.

"There is still enormous, untapped market opportunity for FanDuel, and we will continue to execute our technique to grow our business and more broaden the yohaig code dream sports industry," he said in a declaration.

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

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