FanDuel CEO Matt King has been named the new CEO of Betfair’s US based operations, according to EGR Global.
The combined firm will be named FanDuel Group.
Last month, it was announced that Betfair, a European sports gambling company, would take a controlling stake in FanDuel and use them as their US brand.
This comes as no surprise since FanDuel is already one of the leading daily fantasy sites.
They have already unveiled their FanDuel Sportsbook and indicate it will be available by the start of football season.
In New Jersey, FanDuel Group is partnered with The Meadowlands, which plans on backing the consumer-facing sports betting app in New Jersey. Obviously, this will be just the start of the company’s efforts.