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FTC moves to block FanDuel-DraftKings merger

Competition watchdog says merger will deprive customers of benefits of competition such as price and product improvements

The Federal Trade Commission has announced it will take legal action to stop the proposed merger between FanDuel and DraftKings. The regulator said Monday the deal would violate competition laws since the combined firms would control more than 90% of the U.S. market for paid daily fantasy sports contests. The FTC, jointly with Attorneys General…

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