On July 13, 2017, daily fantasy sports providers DraftKings and FanDuel announced their decision to call off their proposed merger. Last month, the United States District Court for the District of Columbia issued a temporary restraining order, blocking the proposed merger until a decision can be reached regarding the complaint filed by the Federal Trade Commission (FTC). The FTC’s complaint alleges that the merger would create a monopoly in the market for paid daily fantasy sports contests in violation of Section 7 of the Clayton Act.
Continue Reading DraftKings and FanDuel Call Off Merger Following FTC Intervention

On June 27, 2017, the United States Supreme Court agreed to hear a challenge to a law that prohibits individual states from permitting gambling based on professional or amateur sports. The Professional and Amateur Sports Protection Act of 1992 (PASPA)—the federal law being challenged—effectively outlaws sports betting nationwide minus exemptions for a few states, including Nevada.
Continue Reading U.S. Supreme Court Set to Address Sports Betting