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European gambling company in talks to buy FanDuel for $700M (axios.com)
17 points by mark-ruwt 7 months ago | hide | past | web | favorite | 10 comments

Awesome. Fantasytote.com is another Irish service in same fantasy football gambling space having players against each other using a tote, rather than the house setting the odds.

FanDuel claims not to be gambling yet they're being bought out by a gambling company. Interesting

well, i mean, my opinion is that FanDuel is in fact a gambling company, but unalligned businesses do acquisitions all the time

I mean an e-commerce site literally bought a brick and mortar grocery store because it had the money

This is probably the first of many sports gambling related moves.

Another big win for Edinburgh's tech scene :)

What do you guys think of this?

It's the first of many. Companies have been circling for years, prepping for access to the US market.

I'm surprised it's not in the billions, to be honest.

Why? They don't have some special access to gambling that others don't and are known for losing phenomenal amounts of money.

huge.. this is a big deal.

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