DraftKings-FanDuel merger on hold as FTC raises antitrust concerns

The planned merger of daily fantasy sports leaders DraftKings and FanDuel is on hold after the Federal Trade Commission announced Monday it would file a complaint to block the merger on grounds it violates antitrust laws.
The complaint, which will be filed jointly with the office of California Attorney General Xavier Becerra, alleges the merged company would control more than 90 percent of the daily fantasy sports market, thus potentially representing a monopoly.
“This merger would deprive