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DraftKings and FanDuel abandon dream sports merger

13 July 2017
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Fantasy sports sites DraftKings and FanDuel have abandoned a plan to combine, less than a month after US competition regulators looked for to block the deal.
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The deal would have created a company with control over 90% of the marketplace for paid, day-to-day fantasy sports contests, federal government authorities said.
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The firms stated the bet9ja's welcome offer would cause higher financial investment, offering advantages for customers.
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They said they would now want to grow separately.

FanDuel began in Scotland in 2009 and is now based in New York. It is second in the US for paid daily dream sports contests behind DraftKings, which began in Boston in 2012.
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The 2 firms specialise in a subset of dream sports, in which fans select players to create teams for single games, rather of the season, with the yohaig code possible to win prize money based upon the outcome.

In November, they said they had actually consented to merge. Terms were not .

At the time, they stated the deal would enable them to combine forces on regulative concerns raised by US regulators, who had actually compared the market to unlawful betting and banned the sites in some states.
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Nigel Eccles, head of FanDuel, stated it made sense to move forward independently.
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"There is still enormous, untapped market opportunity for FanDuel, and we will continue to perform our technique to grow our business and more expand the fantasy sports industry," he stated in a statement.
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Draft Kings president Jason Robbins also stated ending the merger would allow the firm to "singularly focus" on growth, consisting of globally.

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