WASHINGTON, Dec 6 (Reuters) - Two U.S senators have
asked the Federal Trade Commission and Justice Department to
investigate online betting platforms DraftKings ( DKNG ) and FanDuel over
concerns they are coordinating against competitors.
In a letter dated Dec. 5, Republican Senator Mike Lee and
Democratic Senator Peter Welch asked for an investigation
following reports that the two companies were allegedly acting
together to pressure businesses not to engage with competitors.
"After their merger to monopoly was blocked, it seems
that FanDuel and DraftKings ( DKNG ) have arguably acted as one company,
violating our antitrust laws," they wrote, citing the companies'
failed 2016 plan to combine. Lee posted the letter on social
media platform X.
Representatives for the two companies, the FTC and the
Justice Department could not be immediately reached for comment.
Shares of DraftKings ( DKNG ) were last down about 2.6% in late
morning trade on the Nasdaq.