FTC says not so fast to fantasy sports merger

The Federal Trade Commission has announced plans to file a complaint challenging the merger between FanDuel and DraftKings, the two largest fantasy sports sites on the web.  The reasons cited were anti-trust laws, and the FTC noted that if the merger were to go through the resulting company would control more than 90% of the market.  The two companies are also both strikingly similar in terms of content and customer base.  Both sites make their money in essentially the same way; bilking analytics-obsessed nerds into thoughts of getting rich quick by building the right roster of real-life athletes.

This development comes as the industry has fallen under heightened scrutiny from lawmakers as to whether the industry constitutes illegal sports gambling or not. https://www.nytimes.com/aponline/2017/06/19/us/ap-us-daily-fantasy-sports-merger.html

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