DraftKings & FanDuel Merger To Take Place In 2017
Daily Fantasy Sports (DFS) operators FanDuel and DraftKings have announced they have entered into an agreement to merge. A possible merger was doing the rounds for the past few months but both companies preferred to keep the discussions private. The
Read MoreDFS Market Could Be Monopolized With Rumoured Merger
DraftKings and FanDuel, the two biggest Daily Fantasy Sports (DFS) companies dominate a major portion of the DFS market in the United States. The two companies are rivals but were forced to come together during the last couple of years
Read MoreDraftKings CEO Keeps Merger With FanDuel An On-going Option
Jason Robins, the chief executive officer of DraftKings Inc, one of the biggest Daily Fantasy Sports (DFS) companies in the United States has indicated that the possibility of a merger with arch rival FanDuel is still being explored by the
Read MoreMaine To Consider Regulation Of Daily Fantasy Sports
Lawmakers in Maine are considering the idea of implementing a regulatory framework for Daily Fantasy Sports (DFS) industry in the state. DFS games have quite a fan following in Maine and all major DFS companies have operations in the state.
Read MoreMissouri and Colorado Become The Latest States To Legalize DFS
Missouri and Colorado recently announced that they have now passed bills legalizing the Daily Fantasy Sports (DFS) industry within their state borders making them the fifth and sixth state to do so this year. Governors of both states signed bills
Read MoreFanDuel & DraftKings Merger Rumours Hit Social Media
Industry sources indicate that FanDuel Inc. and DraftKings Inc., two of the biggest Daily Fantasy Sports (DFS) providers in the United States are in the initial stages of a discussion which could result in a possible merger. This development comes
Read MoreNevada Gaming Board Gives Go-Ahead For DFS Betting License
In a first, gaming regulators in Nevada have given an initial approval for a proposal that will result in daily fantasy sports being offered in casinos in a manner comparable to the existing pari-mutuel wagering system. Vic Salerno, a pioneer
Read MoreQuestions Raised About FanDuel’s Survival As Losses Mount
Concerns have been raised regarding FanDuel’s financial potential to stay afloat after being prohibited from offering paid contests by numerous states in United States. The Edinburgh based FanDuel is one of the top two major Daily Fantasy Sports (DFS) providers
Read MoreDraftKings and FanDuel Withdraw Paid DFS Contests In Idaho
Idaho has joined the ranks of those U.S. states that have stopped paid daily fantasy sports contests from running within their state limits. Idaho’s Attorney General Lawrence Wasden announced last week that an agreement has been reached with two leading
Read MoreAlabama and Tennessee Declare Paid DFS Contests Illegal
Alabama and Tennessee have declared paid daily fantasy sports (DFS) contests to be illegal joining a list of states that have recently come down hard on the DFS industry. Alabama Attorney General Luther Strange has ruled that DFS games are
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