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Daily fantasy sports rivals DraftKings and FanDuel to merge

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Daily fantasy sports rivals DraftKings and FanDuel have agreed to merge after months of speculation and increasing regulatory scrutiny. The two companies made the announcement Friday, saying the combined organization would be able to reduce costs as they work to become profitable and battle with regulators across the country to remain legal. Florida struggled with fantasy sports last legislative session, ultimately letting die a measure that would have explicitly legalized online fantasy play. A 2006 federal law banned online gambling but…

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Daily fantasy sports sites ordered to shut down in Nevada

in Apolitical/Top Headlines by

Nevada regulators ordered daily fantasy sports sites like DraftKings and FanDuel to shut down Thursday, saying the hard-to-miss sites that have flooded the marketplace with TV and Internet ads cannot operate in the state without a gambling license. The decision comes amid growing backlash by regulators and investigators, including New York’s attorney general, after it was revealed employees often played on competing sites, raising questions about possible insider information being used to win. Nevada regulators govern the country’s main gambling…

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