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DraftKings and FanDuel desert dream sports merger

13 July 2017

Fantasy sports websites DraftKings and FanDuel have abandoned a plan to combine, less than a month after US competition regulators looked for to block the deal.

The bet9ja's welcome offer would have created a company with control over 90% of the market for paid, sports contests, federal government officials stated.

The companies said the deal would lead to higher investment, offering advantages for consumers.

They said they would now want to grow individually.

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

Fantasy sport company FanDuel warns of risk from US regulations

The 2 companies specialise in a subset of dream sports, in which fans choose players to create groups for single games, instead of the yohaig code season, with the prospective to win prize money based upon the result.

In November, they said they had actually accepted combine. Terms were not divulged.

At the time, they said the deal would permit them to combine forces on regulative problems raised by US regulators, who had compared the market to prohibited betting and banned the websites in some states.

Nigel Eccles, head of FanDuel, stated it made sense to move forward individually.

"There is still huge, untapped market chance for FanDuel, and we will continue to perform our method to grow our service and further expand the dream sports market," he said in a declaration.

Draft Kings president Jason Robbins likewise said terminating the merger would allow the company to "singularly focus" on growth, consisting of worldwide.

In 2015 there were an approximated 57 million dream sports gamers in the US alone.