Tag: DraftKings & FanDuel
DraftKings & FanDuel Accused of Antitrust Violations
It was 2017 when DraftKings & FanDuel attempted to merge into one, big, happy family. However, it did not take long for that move to be called off, as the Federal Trade Commission (along with a couple of attorneys general) said they would sue to block any merger. The combined companies would have controlled 90% of the market for daily fantasy sports, which authorities say would have violated antitrust law. Now, two U.S. senators have called for the FTC and the Justice Department to take another look, and to open an investigation into DraftKings & FanDuel over a similar accusation….
DraftKings & FanDuel Take on Seminoles & Florida
The battle for betting on sports in Florida has DraftKings & FanDuel going on the offense to challenge the Seminoles exclusive contract with the state of Florida. And with so much on the line, everyone is watching. The state and the Tribe entered into an agreement back in May which would bring sports betting to the state. That deal provided the Seminole Tribe the right to offer sports wagering to state residents. However, the ink wasn’t even dry on that agreement with calls began to go out asking that the Federal Government step in and put an end to the…