FTC Wants to Halt FanDuel-DraftKings Merger - KTVN Channel 2 - Reno Tahoe Sparks News, Weather, Video

FTC Wants to Halt FanDuel-DraftKings Merger

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The Federal Trade Commission is seeking to block the merger of FanDuel and DraftKings, the two largest daily fantasy sports sites.

The FTC said Monday that it, along with the attorneys general of California and the District of Columbia, will file a complaint to temporarily stop the deal pending an administrative trial.

The commission said the company created by combining the two sites would control more than 90 percent of the U.S. market for paid daily fantasy sports contests.

The CEOs of the onetime rival companies said in a statement "We are disappointed by this decision and continue to believe that a merger is in the best interests of our players, our companies, our employees and the fantasy sports industry. We are considering all our options at this time."

Daily fantasy sports contests are online games in which players build rosters of real-life athletes and compete for cash and other prizes based on how those athletes do in actual games.

© 2017 CBS Interactive Inc. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.

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