FanDuel

Beginning Oct. 1, Betfair will no longer accept exchange wagers from its New Jersey customers, ending a brief and unsuccessful experiment in the U.S. for a form of wagering that couldn't overcome a number of obstacles that stood in its way of success. Founded in 2000, Betfair introduced exchange wagering in the U.K., where it proved to be wildly popular. A betting exchange is a marketplace where customers set their own odds on a horse. If someone accepts those odds, the bets are matched. This also allows customers to act...

FanDuel, America's premier gaming destination, will become the title sponsor of the $2-million GI Breeders' Cup Mile at this year's Breeders' Cup World Championships. In addition, two of FanDuel Group's major charity partners will be incorporated into its naming rights for this year's event--the FanDuel Breeders' Cup Mile presented by PDJF and the GI TVG Breeders' Cup Juvenile presented by Thoroughbred Aftercare Alliance. The Breeders' Cup, one of Thoroughbred racing's most prestigious international events, consisting of 14 races and purses and awards totaling $35 million, is scheduled to be held...

Gaming conglomerate Flutter-parent company of Paddy Power, Betfair and FanDuel-has purchased all shares in The Stars Group, owner of Sky Bet. Racing Post reports the two companies had a £10.5-billion combined market value at the time the deal was done. The companies' combined annual revenues in 2018 would have totalled £3.8-billion, making it the world's largest online betting and gaming operator.