The planned merger between daily fantasy leading operators DraftKings and FanDuel is off, the companies announced Thursday.
It's an abrupt end to a deal that many viewed as the best path forward for both companies
After several years of heated competition and legal scrutiny, DraftKings and FanDuel announced plans to merge in November. The combination of the two biggest companies in the rising daily fantasy market drew scrutiny from the Federal Trade Commission.
In June, the FTC and attorneys general from California and the District of Columbia filed suit to block the merger.