Why the DraftKings & FanDuel merger may not go ahead

This is a guest contribution by Yousif Al-Dujaili of Dribble. If you would like to submit a contribution please contact Bill Beatty for submission details. Thank you. 

In mid-November 2016 the two largest daily fantasy football companies, DraftKings & FanDuel, announced a merger of equals. The thinking was that instead of pouring hundreds of millions of dollars into continuing to fight each other, they could fight legal and political battles together & continue to expand.

When the news broke, ReCode quoted “the merger still needs to pass regulatory approval, but it’s hard to imagine that will be a problem.”

So why haven’t we heard anything substantial since then? Why have almost four months gone by with no news of a confirmed merger?