Book It: Paddy Power Betfair Completes FanDuel Acquisition Paddy Power Betfair is now the majority owner of FanDuel. Wednesday morning, the European bookmaker and the US-based daily fantasy sports site announced the closure of the deal they signed in May. The component companies of the new group are each among the industry leaders in their respective vertical. FanDuel customers received the news via e-mail. Today is a milestone for the sports industry. We are excited to share that we closed our previously announced merger agreement with Paddy Power Betfair to combine our US businesses, allowing us to move forward with our promise to provide you, our loyal users, an even better experience.