Skip to main content
TRUSTBUSTER

FTC Moves to Block DraftKings-FanDuel Merger

Regulators argue fantasy-sports site merger would create a “near monopoly.”

fantasy_sports_wmdmic

Lucas Jackson/Reuters

The U.S. government will challenge the proposed merger of DraftKings and FanDuel, the two largest daily fantasy sports sites. The Federal Trade Commission said in a statement Monday that, along with offices of the attorneys general in California and the District of Columbia, it has filed a complaint seeking to stop the deal. The complaint argues the merger would create a “near monopoly” with the combined company controlling “more than 90 percent of the U.S. market for paid daily fantasy sports contests.”

Read it at Reuters

TRENDING NOW