DraftKings and FanDuel abandon dream sports merger13 July 2017Fantasy sports websites DraftKings and FanDuel have abandoned a strategy to merge, less than a month after US competition regulators looked for to block the deal.The bet9ja's welcome offer would have developed a business with control over 90% of the market for paid, everyday dream sports contests, federal government authorities stated.The firms said the deal would cause higher financial investment, offering benefits for consumers.They said they would now aim to grow individually.FanDuel began in Scotland in 2009 and is now based in New york city. It is number 2 in the US for paid daily dream sports contests behind DraftKings, which began in Boston in 2012.Fantasy sport firm FanDuel alerts of danger from US regulationsThe two companies specialise in a subset of fantasy sports, in which fans choose gamers to develop teams for single games, instead of the season, with the possible to win prize money based on the yohaig code outcome.In November, they said they had actually consented to merge. Terms were not disclosed.At the time, they said the deal would allow them to combine forces on regulatory issues raised by US regulators, who had actually compared the industry to unlawful gaming and banned the yohaig code websites in some states.Nigel Eccles, head of FanDuel, said it made good sense to move forward independently."There is still enormous, untapped market chance for FanDuel, and we will continue to perform our technique to grow our service and more expand the fantasy sports market," he said in a declaration.Draft Kings primary executive Jason Robbins also stated ending the merger would permit the firm to "singularly focus" on growth, including globally.Last year there were an approximated 57 million fantasy sports players in the US alone.