Tag Archives: Nigel Eccles

Nigel Eccles: Scotland to be home of BetDEX evolution of betting’s static scene  

BetDEX the new venture of Nigel Eccles, former founder of FanDuel, has secured a $21 million seed funding round – “the largest ever seed executed by a UK start-up”.  A raft of investors led by San Francisco crypto fund Paradigm and Bahamas-based cryptocurrency exchange FTX has backed Eccles to transform BetDEX into the “world’s first decentralized sports betting protocol”. Last …

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Eccles returns to betting scene with decentralised BetDEX

Nigel Eccles, the co-founder of FanDuel, has announced the launch of his new business venture BetDEX Labs – a decentralised sports betting exchange built on the blockchain rails of Solana (SOL).  BetDEX is co-founded by Eccles and former FanDuel senior engineers Varun Sudhakar (CEO) and Stuart Tonner (CTO).   Eccles posted on LinkedIn that the venture would be welcoming FanDuel Director …

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FanDuel founders renew $120m compensation claim against Flutter Entertainment

Nigel and Lesley Eccles, the enterprise founders of US fantasy sports operator FanDuel are reported to be renewing their legal challenge against Flutter Entertainment Plc (formerly Paddy Power Betfair), in relation to the FTSE firm’s $465 million takeover of FanDuel completed in July of last year. The husband and wife team are joined by FanDuel co-founders’ Tom Griffiths (former CPO) …

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Nigel Eccles sues Paddy Power Betfair for ‘purposely undervaluing’ FanDuel

US Tech news source Recode has reported that FanDuel enterprise co-founder Nigel Eccles (former CEO) is preparing to take Paddy Power Betfair (PPB) to court, regarding its $465 million takeover of FanDuel completed in July 2018. Eccles representatives have filed a Scottish court order against PPB, representing four of FanDuel’s enterprise co-founders; Nigel Eccles, wife Lesley Eccles (former CMO), Tom …

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FanDuel & DraftKings revise future options for a changing US sports market

The two leading players in the US daily fantasy sports (DFS) market, FanDuel and DraftKings are reported to be assessing their future enterprise options. Last week US news source Axios detailed that New York and Edinburgh based FanDuel was in advanced discussions to ‘go public’, reviewing a potential ‘reverse merger’ with special investment vehicle Platinum Eagle Acquisition Corp. Platinum Eagle …

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Change of Scene…Nigel Eccles steps down as FanDuel leader

Issuing a corporate statement, New York and Edinburgh based daily fantasy sports operator FanDuel has confirmed that Co-Founder & Chief Executive Nigel Eccles will leave the company.   US tech news sources report that Eccles departs the DFS sector, to focus on a new venture within the burgeoning competitive eSports market. FanDuel governance informs that Eccles will be replaced by …

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No Go! FanDuel & DraftKings pull out of merger

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 …

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FanDuel & DraftKings stakeholders agree on merger

Tech business news sources are reporting that leading US daily fantasy sports operators FanDuel and DraftKings are reaching a conclusive agreement with regards to a merger. Since October, the governances of the DFS operators have been in ‘fast track’ discussions with regards to creating an outright market-leading enterprise. On Wednesday, former ‘Fortune’ finance editor Dan Primack revealed that according to …

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FanDuel & DraftKings fast track merger plans

US tech news sources are reporting that FanDuel and DraftKings are fast tracking merger plans, with their corporate governances ‘hammering out’ combined enterprise details for stakeholders and investors.   Last weekend, news broke that FanDuel and DraftKings governances had entered initial merger negotiations. Nevertheless, industry commentators quickly pointed to the pairs’ fraught relationship following years of hostile battle for outright …

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