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FTC Ruling Causes DraftKings and FanDuel to Squash Their Merger
DraftKings and FanDuel are no longer merging. Why? The FTC was attempting to block the merger, citing that it would be a monopoly. About a month ago, they released a statement indicating that the combined company would “control more than 90 percent of the U.S. market for paid daily fantasy sports contests.” Which, for all purposes is,…
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DraftKings and FanDuel are forming a Monopoly, I mean Merging
We know it was going to happen sooner or later but still feel unreal. DraftKings and FanDuel have officially merged into one big daily fantasy sports company. DraftKings and FanDuel estimate they have about five million users between the two companies. We don’t know much about the merged company but what we do know is…
