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Daily fantasy sports rivals DraftKings and FanDuel to merge

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Daily fantasy sports rivals DraftKings and FanDuel have agreed to merge after months of speculation and increasing regulatory scrutiny. The two companies made the announcement Friday, 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. Florida struggled with fantasy sports last legislative session, ultimately letting die a measure that would have explicitly legalized online fantasy play. A 2006 federal law banned online gambling but…

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