The Federal Trade Commission and attorneys general in California and the District of Columbia said they will file a complaint to block the merger of the biggest fantasy sports companies, FanDuel and Draftkings.
The complaint will allege that the combined firm would control more than 90 percent of the U.
S. market for daily fantasy sports contests, giving the combined company a near-monopoly. Anti-trust is the FTC’s motivation here.“This merger would deprive customers of the substantial benefits of direct competition between DraftKings and FanDuel,” said Tad Lipsky, the acting director of the FTC’s Bureau of Competition. “The FTC is committed to the preservation of competitive markets, which offer consumers the best opportunity to obtain innovative products and services at the most favorable prices and terms consistent with the provision of competitive returns to efficient producers.”
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