UK Betting Fans Wave Goodbye to FanDuel

The UK betting community has lost Daily Fantasy Sports (DFS) operator FanDuel following a decision to refocus its resources on the US market.

Fanduel leaves UK

FanDuel decides to take a break from the UK betting market in a bid to increase its presence in North America. (Image: Andrew Harrer/ Bloomberg/Getty Images)

FanDuel may have only been active in the UK for little more than a year, the DFS operator has announced that it is taking break from the market so it can invest more time in North America.

UK customers received an email outlining the hiatus on July 28 before messages were posted on the FanDuel homepage and Twitter.

“Unfortunately, we will not be offering contests in the UK this season. We hope to be back in the future, bringing you more of the games you love,” read a message on FanDuel UK.

A Change of Focus

FanDuel resolved its legal issues with the state of New York back in October 2016 which coincided with increased DFS regulation across the US.

To date, 14 US states allow DFS betting and FanDuel will be using its move away from the UK to increase their provisions in these locations.

As part of its licensing agreement with the UK Gambling Commission (UKGC), FanDuel has already returned all player funds to their last valid deposit method.

At this point the DFS site hasn’t said when or if it will return to the market. However, with its rival DraftKings remaining active in the market, the chances are it will return in the future.

Live Racing Returns to Betfred’s Shops

In other UK betting news this week, Betfred has agreed a media rights deal with The Racing Partnership (TRP). By joining forces with the joint venture between Arena Racing Company (ARC) and seven independent UK racecourses, Betfred will now be able to show hundreds of races across its network of shops.

On top of having the rights to screen races from British racecourses inside its 1,668 betting shops, Betfred will also be able to show events from a selection of South Africa.

As well as increasing Betfred’s ties with the racing industry, the new deal ends the recent media blackout its customers experienced earlier this year.

As TRP assumed control over all major races courses across the UK, a dispute broke out between the racing operator and Betfred and Ladbrokes-Coral. With the betting companies arguing that the cost of showing races was too high, the TRP cut its broadcasts to shops owned by both operators on January 9, 2017.

After months of back-and-forth, Ladbrokes-Coral agreed an identical deal to Betfred on July 21, which means racing fans can once again watch live racing across thousands of UK betting shops.

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