• The $8.8 billion UK gambling giant that owns Paddy Power and Betfair is considering buying FanDuel

    3 monthes ago - By Chron

    Kevin C. Cox/Getty Images
    UK-based gambling conglomerate Paddy Power Betfair is considering buying FanDuel, according to multiple reports.
    A US ban on sports gambling has recently been struck down, and the acquisition would give the British gambling giant a doorway into the American market.
    The terms of the potential deal are not yet clear.
    The United States Supreme Court struck down a federal law prohibiting sports betting, and the British gambling giant behind Paddy Power and Betfair wants a piece of the action.
    Paddy Power Betfair - valued on the public markets at £6.5 billion - is...
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