DraftKings has closed its UK daily fantasy offering as of today (4 October), in an effort to "optimise its business". Users of the app this morning received emails notifying them the product was being pulled from the market with immediate effective.
By Nicole Macedo
- News
Boom Fantasy has closed a $2m (€1.8m) Series Seed round, while the firm has also acquired the primary assets of daily fantasy sports (DFS) rival Draftpot.
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A district court in California dealt a blow to FanDuel, DraftKings and other DFS operators last week when it held that the payment of entry fees to enter daily fantasy horse racing contests that are returned to winners as cash prizes constituted a wager.
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Paddy Power Betfair has expanded into the US daily fantasy sports market with the acquisition of early-stage operator DRAFT.
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