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Nigel Eccles. Photo: Brendan Moran / Getty

FanDuel co-founder Nigel Eccles has stepped down as the fantasy sports company's chairman and CEO, in order to launch an e-sports startup.

Backstory: Eccles actually began planning the e-sports venture when FanDuel was in the midst of merging with DraftKings, after which he would have become chairman of the combined entity (with DraftKings boss Jason Robins serving as CEO). But then federal regulators successfully blocked the merger, leaving Eccles in a tricky position.

So tricky, in fact, that he misled his own internal PR rep about the e-sports effort when Axios inquired last month. He also didn't fully inform his full board, which struck the departure agreement late last week.

  • Next: FanDuel's new CEO is Matt King, a former FanDuel CFO who previously was with FanDuel backer KKR. The new chairman is Carl Vogel (ex-Dish Networks exec) while David Nathanson (ex-21st Century Fox) also joins the board as an independent director.

Go deeper

Updated 2 hours ago - World

In photos: Israel-Hamas aerial bombardments enter second week

A ball of fire and a plume of smoke rise above buildings in Gaza City as Israeli forces shell the Palestinian enclave, early on May 17. Photo: Mahmud Hams/AFP via Getty Images

Israel and Hamas continued aerial bombardments into Monday morning, as fighting entered a second week.

Why it matters: The worst violence in the region since 2014 has resulted in the deaths of 197 people in Gaza, ruled by Hamas, and 10 in Israel. 58 Palestinian children and two Israeli children are among those killed since the aerial exchanges began on May 10, Reuters notes.

Lawmakers call for Israel-Hamas ceasefire amid aerial bombardments

Combination images of Republican Sen. Todd Young and Democratic Sen. Chris Murphy. Photo: Michael Reynolds-Pool/Getty Images/Greg Nash-Pool/Getty Images

Sen. Todd Young (R-Ind.) and 28 Senate Democrats on Sunday called for a ceasefire between Israel and Hamas as fighting continued into the night.

Driving the news: Young, a ranking member of the U.S. Senate Foreign Relations Subcommittee on Near East, South Asia, Central Asia and Counterterrorism, joined panel Chair Chris Murphy (D-Conn.) in a bipartisan statement saying: "Israel has the right to defend itself from Hamas' rocket attacks, in a manner proportionate with the threat its citizens are facing.

Bill Gates faces scrutiny over relationship with Microsoft employee, Epstein ties

Photo: Alessandro Di Ciommo/NurPhoto via Getty Images

Representatives for Bill Gates pushed back on claims Sunday that he left Microsoft's board because of an earlier sexual relationship and against two other reports detailing more extensive ties with Jeffrey Epstein than had previously been reported.

Driving the news: Microsoft said in an emailed statement to Axios that it "received a concern" in 2019 that its co-founder "sought to initiate an intimate relationship with a company employee in the year 2000," but denied a Wall Street Journal report that its board members thought Gates should resign over the matter.

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