Short answers, pulled from the story.
FanDuel was founded on the 21st of July 2009 in Edinburgh, Scotland, by Nigel Eccles, Lesley Eccles, Tom Griffiths, Rob Jones, and Chris Stafford. It started as a pivot from Hubdub, a news prediction site, funded with $1.2 million from Pentech Ventures and Scottish Enterprise.
The Federal Trade Commission determined the merged company would control roughly 90% of the daily fantasy sports market, which it considered a monopoly position. The FTC sought a preliminary injunction in June 2017, a federal judge issued a temporary stop order, and the companies abandoned the deal.
In May 2018, Irish bookmaker Paddy Power Betfair (now Flutter Entertainment) announced plans to acquire FanDuel, contributing $158 million and merging in its US assets including TVG Network and TVG2. The deal closed on the 11th of July 2018. Flutter increased its stake to 95% in a $4.1 billion deal in December 2020.
A DraftKings employee inadvertently released internal data before the third week of the 2015 NFL season, then won $350,000 on FanDuel. DraftKings argued its employee could not have used that data to pick FanDuel lineups. Both companies responded by banning employees from paid contests on rival sites.
The FanDuel board valued the company's stake at $465 million, which founders believed was far below its real worth. Lesley Eccles filed a $120 million lawsuit in Scottish court. In February 2020, more than 100 former employees, founders, and early investors filed a separate New York suit alleging breach of fiduciary duty.
For the year ended the 31st of December 2024, Flutter Entertainment's US segment (the FanDuel brand) reported $5,798 million in total revenue: $4,013 million from sportsbook, $1,524 million from iGaming, and $261 million from other sources. As of January 2026, FanDuel operated online sportsbooks in 23 US states and retail sportsbooks in 15 states.