FanDuel sale could prove a boost for start-ups

Published: 21 May 2018

The sale of fantasy sports business FanDuel could benefit future tech start-ups in Edinburgh, one of its co-founders has revealed.

It was confirmed this week that betting giant Paddy Power Betfair is in talks to merge its American business with FanDuel, which was founded in the Scottish capital, “to create a combined business to target the prospective US sports betting market”.

There are some great start-ups coming through Edinburgh right now...and I’d love to be an angel investor in them.

Nigel Eccles, Former chief executive, FanDuel

 

The proposed merger follows the move by the American Supreme Court to overturn 1992 legislation that banned sports betting in most US states. FanDuel’s five co-founders, who have all since left the business, stand to earn substantial amounts through their shareholdings if the deal goes through...

Full story via Scotsman News

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