Paddy Power Betfair (LON:PPB) and FanDuel today announced a definitive agreement under which the companies will merge their US businesses, bringing together the leader in international sports betting and gaming and the company that redefined fantasy sports.

Paddy Power Betfair Acquisition of FanDuel\n\n Within ten days of the Supreme Court judgment, Paddy Power Betfair plc (PPB) announced the acquisition of a 61% share in FanDuel, an online fantasy sports game with over 40% market share of the US daily fantasy sports market.