If two is company, will the recent entry of daily fantasy sports (DFS) provider US Fantasy in Nevada crowd the already limited market of DraftKings and Fanduel?

Nevada regulators have greenlit the Henderson-based US Fantasy’s bid to provide DFS in the Silver State last Thursday. USFantasy comes during the on-going legal battles of DrafKings and Fanduel – both stand accused in several states of operating as illegal, unregulated betting systems.

Unlike the two DFS giants, the Nevada Gaming Commission described USFantasy as a fair DFS model, different from a traditional DFS product, where clients pay an entry fee and pick a roster of players, usually under a “salary cap” format.

While it will still resemble fantasy sports, USFantasy will implement a pari-mutuel-style fantasy game wherein players can also place bets like they would in horse racing, with exactas (picking the top two players), trifectas (top three players) or daily doubles (picking winners of two contests).