DFS top dogs assess future in the US
FanDuel and DraftKings are looking into further business options for their operations in the US market.
US.- The US gambling landscape could change soon as the Supreme Court could finally revoke the Professional and Amateur Sports Protection Act (PASPA) of 1992 and pave the road for sports betting legalisation. However, the USA’s top daily fantasy sports (DFS) operators, FanDuel and DraftKings, won’t wait and are assessing business options.
FanDuel is reviewing a potential reverse merger with special investment company Platinum Eagle Acquisition Corp., news website Axios reported. However, all talks between companies regarding future financing through private investment have been unseccessful.
Meanwhile, DraftKings is looking into further options outside the DFS segment and has moved to extend its sports-based services like live streaming of games and match day ticketing through strategic partnerships. Furthermore, as it awaits the ruling on PASPA – and after hiring Sean Hurley as Head of Sportsbook – the company has already advanced its intentions to obtain a sports betting license.
As DraftKings CEO and Co-founder Jason Robins said that his firm would be ready to engage the US betting market should SCOTUS ruling allow it, the company expects to become competitive in a segment ruled by international operators like William Hill, Betfair and other US giants.
