The two
largest daily fantasy sports companies, FanDuel Inc. and DraftKings Inc., are in early - stage talks to merge, people familiar with the matter said on Monday, as the industry faces a crackdown by U.S. states over whether it runs illegal gambling.
The chairman of the Assembly Committee on Racing and Wagering, J. Gary Pretlow, a Democrat from Mount Vernon, announced on Thursday that there would be a vote on a bill to legalize
daily fantasy sports, the multibillion - dollar
sports - betting industry that was bulldozed from New York last year after the state attorney general, Eric T. Schneiderman, ordered its two
largest purveyors, DraftKings and FanDuel, to stop operating.