Everyone knows that FanDuel and DraftKings are the biggest names in the daily fantasy sports business. But there's something else that investors looking to finance the companies are told on a regular basis...both companies are losing piles of cash every quarter. Word of the cash hemorrhaging from the companies came in the form of a…
The US Federal Trade Commission (FTC) has filed suit in an effort to block the proposed merger of daily fantasy sports giants DraftKings and FanDuel. This is very bad news for the beleaguered US-facing daily fantasy sports industry. In filings associated with the lawsuit, FTC lawyers stated that their efforts are being made in order…
The proposed merger between daily fantasy sports giants FanDuel and DraftKings could be in jeopardy because of objections from the Federal Trade Commission (FTC). It's just the latest headache for a US-facing daily fantasy sports business that's already fighting for its life across the nation. According to a report on Redcode.net, the Board of Commissioners…
FanDuel is partnering up with the Women’s National Basketball Association (WNBA) on what's being described as the first-ever one-day DFS leagues involving a professional women's sports league. It's a big step for both the WNBA and FanDuel, but will there be enough fan support to keep the idea afloat? The advent of one-day WNBA fantasy…
The Alabama House of Representatives recently passed a bill that not only legalizes daily fantasy sports in the state, but also deems them a game of skill. The measure passed by the narrowest of margins after several hours of debate. With the passage of the measure in the House, it's now headed to the Alabama Sentate,…
DraftKings and FanDuel, the two biggest names in daily fantasy sports (DFS) have agreed to merge their business operations. If approved, the deal would create a DFS behemoth that controls a full 80 percent of the US market. The deal, which was announced late last week, is a desperate bid for survival by two companies…
Daily fantasy sports giants DraftKings and FanDuel are plotting a return to the regulated Nevada market with a proposal to introduce a new, "fantasy gaming license." The proposal was presented earlier this week to the Nevada’s Gaming Policy Committee and was fairly light on details. At its core, the idea is that daily fantasy sports…
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