Then in July 2015 FanDuel made its second acquisition in app developer Kotikan. Shortly after announcing the Series E fundraise, FanDuel acquired sports analytics company numberFire.

In May 2015, FanDuel hired 38 of 42 employees that were laid off by Zynga 365 sports. In July 2015, FanDuel announced a Series E funding round of $275 million leading the company to be valued at over a billion dollars. In September 2014, the company announced $70 million in Series D funding. On January 30, 2013, FanDuel announced that it had closed an $11 million Series C funding round. First place was awarded $25,000 and the total prize pool was $40,000. In 2010, FanDuel held its first 'FanDuel Fantasy Football Championship (FFFC).' The event consisted of ten users who won entry into the event by winning a qualifying league throughout the NFL season. brand.įanDuel was founded by Nigel Eccles, Lesley Eccles, Tom Griffiths, Rob Jones and Chris Stafford on Jin Edinburgh, Scotland, as a pivot from Hubdub, a news prediction site, after taking in $1.2 million in venture capital funding from Pentech Ventures and Scottish Enterprise. The acquisition sought to leverage the company's existing brand recognition and user base, with FanDuel becoming the company's main U.S. operations of Irish bookmaker Paddy Power Betfair (now Flutter Entertainment) to form FanDuel Group. In May 2018, amid the widening legalization of sports betting in the United States, FanDuel agreed to merge with the U.S. The company was originally founded as a daily fantasy sports provider, and principally competed with DraftKings. The company operates sportsbooks in a number of states including New Jersey, Pennsylvania, Indiana and West Virginia, as well as an online horse race betting platform, and a daily fantasy sports service. FanDuel Group is an American gambling company that offers sportsbook, daily fantasy sports, horse racing, and online casino.

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