DraftKings, FanDuel Merge

The two companies made the announcement, saying the combined organization would be able to reduce costs as they work to become profitable and battle with regulators across the country to remain legal.

In a matter of a few short years, the two have raised millions of dollars through investors and sponsorship deals, drawing the attention of policymakers across the country.

Some view the online games — in which players pick teams of real life athletes and vie for cash and other prizes based on how those athletes do in actual games —as amounting to illegal sports betting.

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