Irish bookmaker Paddy Power confirms takeover talks with fantasy sports company FanDuel after landmark US ruling

The overall general view of atmosphere at the FanDuel Fantasy Golf Classic on July 11, 2017 in New York City. (Photo by )Michael Loccisano/Getty Images for FanDuel

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  • Paddy Power Betfair confirms takeover talks with US fantasy sports startup FanDuel.
  • Talks are ongoing and a deal is not guaranteed.
  • The talks come after a landmark ruling from the US Supreme Court on Monday that opens the door for legalised sports betting in the US.

LONDON — Irish bookmaker Paddy Power Betfair has confirmed takeover talks with US fantasy sports company FanDuel.

Paddy Power said in a statement on Wednesday that it is “in discussions regarding a potential combination of the Group’s US business and FanDuel to create a combined business to target the prospective US sports betting market.”

See the rest of the story at Business Insider

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