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Irish Bookmaker Confirms It's In Deal Talks With FanDuel

Law360 (May 16, 2018, 3:18 PM EDT) -- Irish bookmaker Paddy Power Betfair PLC on Wednesday said it's in deal talks with daily fantasy sports giant FanDuel, days after the U.S. Supreme Court struck down a federal ban on sports betting.

The Dublin-based company said in the announcement that no deal was certain amid the ongoing negotiations. According to media reports, Paddy Power Betfair is close to acquiring FanDuel.

On Monday, the Supreme Court struck down the Professional and Amateur Sports Protection Act of 1992, a federal law meant to prohibit most states from...
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