WASHINGTON – Senators Mike Lee (R-UT) and Peter Welch (D-VT) released a letter calling on the Department of Justice (DOJ) and Federal Trade Commission (FTC) to investigate FanDuel and DraftKings for allegedly violating Section 1 of the Sherman Act's prohibition on coordination to construct or impair competition. 

"FanDuel and DraftKings didn’t get their monopoly through a merger, so now they’re trying to achieve it by arguably acting as one company,” said Senator Mike Lee. "By attempting to undermine fair competition, they are threatening innovation, limiting consumer choice, and stifling new entrants. American consumers deserve better, and it’s time for the DOJ and FTC to look into it.”

“More market power brings more opportunity to exploit consumers. FanDuel and DraftKings are trying to achieve exactly that by working together to stifle competition. But skirting antitrust laws is never a gamble that pays off,” said Senator Peter Welch. “It’s time for the DOJ and FTC to investigate their anticompetitive practices.”