Daily fantasy sports operators DraftKings Inc. and FanDuel Inc. said Thursday they would no longer pursue their plan to join forces, as the companies faced mounting antitrust scrutiny and a legal challenge from the Federal Trade Commission. In separate statements, the CEOs for Boston-based DraftKings and New York-based FanDuel said ...

The Federal Trade Commission will challenge the merger of DraftKings Inc. and FanDuel Inc., saying Monday the deal to combine the two largest daily fantasy sports websites would create a company that controls more than 90 percent of the market. The agency, along with the California and District of Columbia ...

As the daily fantasy industry deals with various and assorted attacks on its business model, a new threat has emerged. And this one could pull the NFL directly into the middle of the burgeoning mess. Fresh off the press from TheHill.com, Rep. Frank Pallone (D-N.J.) has asked FanDuel and DraftKings to identify ...

You had to see this coming, you just had to. After the news broke last week about a DraftKings employee using “inside information” to win $350,000 at rival FanDuel, it seemed that the walls were going to start closing in on Daily Fantasy Sports. Well, it has, and in a ...

Well, it was only a matter of time before something this magnitude happened.  As most of you have already heard, since it is being plastered all over every major news site in the U.S.A., a scandal has erupted in the online fantasy sports world involving Boston-based DraftKings, and to a ...

Entertainment consumer rewards platform Viggle Inc. and a unit of a U.K.-based betting company have become part owners of a holding company for daily fantasy sports business DraftDay, alongside DraftDay’s former sole owner MGT Capital Investments Inc., the companies said Wednesday. MGT said it sold DraftDay for total consideration of ...

New York-based fantasy sports operator Fanduel, Inc. on Tuesday said it has brought in $275 million after closing a round of financing, bringing the company’s total capital to $363 million. The company, which received investments from Google Capital and Time Warner in the oversubscribed round led by KKR, said it plans to use ...

Internet giant Yahoo Inc. said Thursday it will offer a new daily fantasy sports online game in which users will compete for cash prizes, adding another competitor to the growing market despite some uncertainty over the legality of such games. Yahoo joins a growing market adding competition with leading daily ...