A proposed merger between the two largest daily fantasy sports sites has been called off after pressure from the Federal Trade Commission.
A new report released this week indicates that a planned merger between DraftKings and FanDuel is far from a sure thing.
FantasyDraft surprises players with plans to reimburse up to 99.6% of FantasyAces player account balances.
FantasyAces files for Chapter 7 bankruptcy after deal with FantasyDraft falls through.
FantasyDraft has agreed to acquire FantasyAces in a deal that will have the player base and player balances transferred to FantasyDraft by the end of January.
The two top DFS sites have announced a merger. What does this move mean for players and when can we expect changes?
Nearly a month to the day an ESPN funding deal fell through, DraftKings has announced that they have secured an additional $300 million in funding led by FOX sports. Of the $300 million, FOX Sports has committed $150 million with the agreement also calling for DraftKings to spend $250 million in advertising over the next three years at FOX Sports.
DraftKings, who is attempting to dethrone FanDuel and become the undisputed world’s top daily fantasy sports site, has come to terms on a deal that will give them the exclusive right to advertise on ESPN properties beginning in 2016.
A writer from Forbes was the first to tweet this morning that the parent company of DraftDay has agreed to sell its daily fantasy sports assets including DraftDay to an investment group owned by Sportech PLC, for $7 million. DraftDraft had been courting a new buyer for at least the last few months.
SportsLock, a fantasy sports site specializing in fantasy sports brackets, has secured $5 million in financing. The round of funding comes just 2 months after released its mobile applicable in the iOS store.
On the heels of last week’s NASCAR deal, DraftKings founders Jason Robins and Matt Kalish stopped by and spoke with Jim Cramer, the eccentric host of CNBC’s Made Money about their position on the 2015 CNBC Disruptor 50 list — companies that are innovating and revolutionizing the landscape of their respective businesses.
DraftKings announced today via a statement that they have partnered with NASCAR and NASCAR Digital Media as “Official Daily Fantasy Sports Partner” in a three-year deal that will see DraftKings develop and launch NASCAR-branded daily fantasy sports games.