The planned merger of Boston-based DraftKings and its main rival FanDuel is officially off the table.
DraftKings says it's in its best interest to call off the merger with its fantasy sports rival and move forward as a separate company.
The merger was facing a challenge from the Federal Trade Commission, which sued to block the deal.
The agency said the merger would create a near monopoly as the combined company would have held over 90-percent of the fantasy sports market.
(Andrew Harrer/Bloomberg via Getty Images)