A DraftKings logo is displayed on a board inside of the DFS Players Conference in New York November 13, 2015.
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DraftKings and FanDuel drop fantasy sports merger after FTC pressure

  • Posted byby GamesBeat
  • Updated
  • 2 min

(Reuters) — Daily fantasy sports companies FanDuel and DraftKings scrapped a plan to merge on Thursday following a legal challenge by U.S. antitrust enforcers.

The U.S. Federal Trade Commission said in June that it would seek to stop the deal because the combined company would control more than 90 percent of the U.S. market for paid daily fantasy sports contests.

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