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DraftKings and FanDuel desert dream sports merger
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13 July 2017
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Fantasy sports sites DraftKings and FanDuel have actually abandoned a plan to merge, less than a month after US competitors regulators looked for to obstruct the deal.

The bet9ja's welcome offer would have developed a business with control over 90% of the marketplace for paid, day-to-day dream sports contests, federal government stated.
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The firms said the deal would result in higher investment, offering advantages for consumers.

They said they would now look to grow individually.

FanDuel started in Scotland in 2009 and is now based in New York. It is second in the US for paid daily fantasy sports contests behind DraftKings, which started in Boston in 2012.

Fantasy sport company FanDuel warns of danger from US guidelines

The two firms specialise in a subset of fantasy sports, in which fans choose players to create teams for single games, instead of the yohaig code season, with the potential to win prize money based upon the outcome.

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

At the time, they said the offer would allow them to combine forces on regulative concerns raised by US regulators, who had actually compared the market to prohibited gaming and prohibited the yohaig code websites in some states.

Nigel Eccles, head of FanDuel, stated it made sense to move forward independently.
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"There is still massive, untapped market opportunity for FanDuel, and we will continue to perform our technique to grow our business and further expand the dream sports industry," he stated in a statement.
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Draft Kings president Jason Robbins likewise stated terminating the merger would enable the company to "singularly focus" on development, consisting of worldwide.

Last year there were an estimated 57 million dream sports players in the US alone.
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