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FanDuel

Fantasy sports / gamingUSA
🤝 Acquired
Peak $1.19 BillionToday
-61%
from peak
  1. 🦄
    Became a unicorn
    Jul 2015
  2. 📈
    Peak valuation
    $1.19 Billion ’15
  3. 💔
    Became a Unitard
    May 2018
  4. 💸
    Last valuation
    ~$463M
Current status
Merger · ~$470M

How it happened

FanDuel was a U.S. daily fantasy sports operator that reached unicorn status in July 2015 at about a $1.19B valuation. Regulatory pressure on daily fantasy and a blocked merger with rival DraftKings weakened its standing, and in 2018 it merged with Paddy Power Betfair's U.S. business in a deal that valued FanDuel well below $1B (~$470M).

Source: Original Unitard Club seed (2020)