• FTC Ruling Causes DraftKings and FanDuel to Squash Their Merger

    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,…