BOSTON (AP) — The Federal Trade Commission is seeking to block the merger of FanDuel and DraftKings, the two largest daily fantasy sports sites. The FTC said Monday that it, along with the attorneys general of California and the District of Columbia, will file a complaint to temporarily stop the deal pending an administrative trial. […]
draftkings
Posted inBusiness, National Sports, sj-web
Daily fantasy sites DraftKings, FanDuel agree to merge
DraftKings and FanDuel, the two largest companies in the daily fantasy sports market that exploded into national consciousness last fall with a crush of television advertising that brought legal scrutiny across the country, have agreed to merge, the companies announced Friday morning. Pending approval by the Federal Trade Commission, the merger will close in late […]
advertisement
Posted inBusiness, National Sports, sj-web
Court allows DraftKings, FanDuel to operate during appeal
NEW YORK — A New York court will allow DraftKings and FanDuel to continue operating in the state as they appeal a lower court’s ruling that they stop. A panel of state Supreme Court Appellate Division judges in Manhattan continued a stay Monday issued by one if its members exactly a month ago. The case […]
Posted inBusiness, National Sports, sj-web
New York judge blocks FanDuel, DraftKings from taking bets
NEW YORK — Daily fantasy sports giants DraftKings and FanDuel can’t do business in New York for now, a judge said Friday, cutting off one of their biggest customer bases at least temporarily as the state attorney general and the sites face off over whether their business amounts to illegal gambling. FanDuel, which already had […]
Posted inNation / World, National Sports, sj-web
Fantasy sports leagues play defense against insider trading allegations
LAS VEGAS — Stock market traders and chess players — that’s who’s playing DraftKings, according to CEO Jason Robins, who told a crowd of casino executives last week in Las Vegas that fewer than 15 percent of the players on his site make wagers in traditional sports books. What he didn’t mention was growing online […]