BOSTON (AP) The Federal Trade Commission is seeking to block the merger of FanDuel and DraftKings, the two largest daily fantasy sports sites.
The FTC said Monday that it, along with the attorneys general of California and the District of Columbia, will file a complaint to temporarily stop the deal pending an administrative trial.
The commission said the company created by combining the two sites would control more than 90 percent of the U.S. market for paid daily fantasy sports contests.
The CEOs of the onetime rival companies said in a statement that they’re disappointed by the decision and are weighing their options.