FTC Sues To Block FanDuel-DraftKings Fantasy Sports Merger
Law360, New York (June 19, 2017, 11:54 AM EDT) -- The Federal Trade Commission will challenge the merger of DraftKings Inc. and FanDuel Inc., saying Monday the deal to combine the two largest daily fantasy sports websites would create a company that controls more than 90 percent of the market.
FanDuel and DraftKings are each other's main rivals in the market for paid daily fantasy sports contests and they compete to offer their customers the best prices and highest-quality product, the FTC said. Above, a DraftKings advertisement outside Madison Square Garden. (AP) FanDuel and DraftKings are each other’s main rivals in the market for paid daily fantasy sports contests and they...
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