Tag Archives: FTC

Unfortunately, we will not be offering contests this season. We hope to be back in the future. Details: https://t.co/SrjbnizgPA. — FanDuel (@FanDuelUK) July 28, 2017 Daily fantasy sports operator FanDuel has shut down its UK-facing operations in order to focus its commercial growth in its home US market. Over the weekend FanDuel.co.uk sent emails communications to affected players informing them …

The governances of leading US daily fantasy sports operators’ FanDuel and DraftKings have issued statements confirming that their planned merger has been called off. The prospects of creating an ‘outright DFS market leader’ had hit a roadblock last June when the US Federal Trade Commission (FTC) detailed that it could not recommend the FanDuel-DraftKings merger as the combination would control …

US Tech news sources are reporting that FanDuel governance is ‘evaluating its position’ with regards to its planned merger with main DFS market rival DraftKings. Last June the US Federal Trade Commission (FTC) blocked the combination of FanDuel-DraftKings on the grounds that a merged enterprise would control ‘+90% of the US fantasy sports market’, creating unfair business conditions for consumers, …

The US Federal Trade Commission (FTC) has dealt a severe blow for the planned merger of leading daily fantasy sports operators FanDuel and DraftKings, filing an official lawsuit against the formation of a new company. Last week, US Tech news sources reported that FTC officials may have concerns on the combination of FanDuel-DraftKings, which would see one player takeover a …

US Tech news sources have reported that the planned merger of FanDuel and DraftKings maybe be denied by the US Federal Trade Commission (FTC), on grounds that the combination would form an outright leader with more than 80% of the daily fantasy sports market. FTC officials are reported to have shown concern that the FanDuel-DraftKings combination would lead to a …