DraftKings paves way for European expansion

|About: DraftKings (DRAFT)|By:, SA News Editor

After facing a series of legal and regulatory challenges in the U.S., DraftKings (Private:DRAFT) has received a license that will allow it to operate in much of the European Union.

The company began operating last year in the U.K., which requires its own license, and is also active in Canada.

DraftKings and its onetime rival, FanDuel (Private:DUEL), agreed to merge in November.

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