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Paddy Power Betfair is buying FanDuel

Photo by Michael Loccisano/Getty Images

Ireland-based online gaming company Paddy Power Betfair has agreed to buy New York-based fantasy sports site FanDuel, Axios has learned from multiple sources. Expect an official announcement later today.

Context: The two companies had confirmed merger talks earlier this month, in the wake of a U.S. Supreme Court ruling that allows states to legalize sports betting.