Skip to content

FanDuel, DraftKings scrap merger plans

Getty Images

The Coke and Pepsi of daily fantasy won’t be joining forces, after all.

Via Reuters, FanDuel and DraftKings have decided not to proceed with a plan to merge. The move flowed from a decision by the U.S. Federal Trade Commission to challenge the transaction, arguing that it would give the combined company more than 90 percent of the market.

The two companies engaged in an all-out advertising war in 2015 early in football season, sparking both a public backlash and an effort by various states to challenge the ability to play daily fantasy games for money.

In the two years since then, plenty of states have enacted legislation aimed at legalizing and regulating the games. Absent the merger, the two competitors could decide at any time to reintroduce widespread advertising efforts.

Permalink 4 Comments Feed for comments Latest Stories in: Home, Rumor Mill
4 Responses to “FanDuel, DraftKings scrap merger plans”
  1. MichaelEdits says: Jul 13, 2017 11:08 PM

    Fantasy football remains an abomination, with or without gambling.

  2. milkcan44 says: Jul 14, 2017 12:38 AM

    I certainly hope we don’t have to start listening to their obnoxious ads again every time there’s a commercial break.

  3. bosszaraki says: Jul 14, 2017 5:26 AM

    Why is this legal but online poker not?

  4. bigoldred says: Jul 14, 2017 5:31 AM

    I want to be a GM when I grow up.

Leave a Reply

You must be logged in to leave a comment. Not a member? Register now!