FanDuel and Draftkings might find a great competitor as Yahoo plans to enter the
fantasy sport market.
Online gambling sites in the US report that spokesperson of Yahoo have announced plans of the
company to expand their services. This means that the purpose of the multinational internet
corporation is to enter the US fantasy sports market and provide their network in that area daily.
Marc Edelman, contributor of Forbes, has said about Yahoo’s announcement that the services
provided by them can cause a real challenge for the USA’s two main fantasy sport provider
companies, FanDuel and Draftkings. Edelman believes that their search engine could balance
their lack of experience in the market.
Yahoo used to be strongly against entering the fantasy sport market
In the past, representatives of Yahoo openly declared that their company is not interested in
entering the fantasy sport market due to many legal concerns. In addition, the country was
regulated in this area and they did not see it as profitable. However, as it became more and more
popular over the year, the corporation decided to change their views on the subject.
US gambling news report that Edelman believes Yahoo’s decision to enter the market can also
convince many other larger corporations to follow their lead and join the fantasy sport. In fact,
CBS Sports Network, Yahoo’s current rival, have already challenged Yahoo in the full-season
fantasy football and are planning to enter the daily sector too.