Federal Trade Commission

WASHINGTON, D.C. –  In a Senate Judiciary Committee hearing on legalized sports betting, U.S. Senator Peter Welch (D-Vt.) called out online sports gambling companies FanDuel and DraftKings for exploiting the addictive nature of gambling and undermining antitrust law.   The hearing comes after Senator Welch…

A pair of lawmakers have sent a letter to the heads of two U.S. antitrust agencies raising concerns that DraftKings and FanDuel are blocking competition from emerging sports betting operators. U.S. Sens. Mike Lee, R-Utah, and Peter Welch, D-Vt., sent a letter Thursday to the Federal Trade Commission and the U.S. Department…