Another three years later, the founders sold a majority stake to gambling juggernaut Flutter Entertainment.Īround the same time, the United States government legalized gambling on a federal level, thereby handing the decision to each individual state. Two years later, due to the firm’s rapid growth, they decided to move the firm’s headquarters from Edinburg, Scotland to New York City.īy 2015, FanDuel and DraftKings, its fiercest competitor in the DFS space, had captured 90 percent of the market already. In July 2009, they officially unveiled FanDuel to the public. Unfortunately, HubDub never really caught on, so the founders decided to pivot into daily fantasy sports (DFS). The company, which is headquartered in New York City, was founded in 2007 by Lesley Eccles, Nigel Eccles, Rob Jones, and Tom Griffiths.įanDuel actually started out as HubDub, a platform that enabled users to bet on the outcome of almost any event – whether that was celebrities breaking up with their partners or whatever president would be elected next. FanDuel is an online betting platform where users can bet on the outcome of sports matches and horse races, engage in daily fantasy leagues, or play various casino games.
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