Tag: DraftKings

DFS Merger Faces Challenges with FTC & Revenue Lost

DraftKings and FanDuel planned on a merger to save the two companies from its financial problems. However, the DFS merger faces challenges with the US Federal Trade Commission. The daily fantasy sports operators are a big deal for Bitcoin owners. The two fantasy sports offer a great alternative to the usual Bitcoin casinos or sportsbook

DraftKings, Betting Companies Enter New Jersey’s Sports Betting Market

One of the biggest daily fantasy sports contest providers in the United States has announced their plans to offer sports betting in New Jersey. A DraftKings sportsbook is in the works after the fantasy sports company signed a partnership deal with NJ-based Resorts Casino Hotel to offer online sports betting service in the future, once

FanDuel Exits UK to Boost Presence in US DFS Market

FanDuel closes its UK Shop for the 2017/2018 season. The leading daily fantasy sports company will put the majority of its eggs in its US market basket instead. In its first year, the daily fantasy sports took almost £1 million. Nevertheless, FanDuel’s decision to close may be still be due to the small return it

FanDuel in Search of Funds After Blocked DraftKings Merger

The leading fantasy sports giant, FanDuel, asks help from its investor for more funds. The recent FanDuel funding rounds could have been avoided if the US Federal Trade Commission (FTC) did not block the DraftKing merger deal. Merging with DraftKings could help fish FanDuel out of the red. However, FTC viewed the merger as a