FanDuel‘s parent company Flutter announced Tuesday morning that FanDuel Group CEO Matt King is stepping down. Sources said that it’s King’s personal decision and nothing indicative of the business, nor is anyone else at the top expected to leave.
With King at the helm, FanDuel transformed from a leader in daily fantasy to a leader in sports betting, going head-to-head with its daily fantasy competitor DraftKings for the mobile sportsbook space. They both hit the ground running in 2019, months after the Supreme Court’s decision made it possibly for individual states to make their own decisions regarding the legality of sports gambling.
