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Paddy Power Betfair plc is a bookmaking business created by the merger of Paddy Power and Betfair.
It is listed on the London Stock Exchange, and is a constituent of the FTSE 100 Index.
It operates under various brands including Betfair, Paddy Power, Sportsbet, TVG and Fan Duel.
In March 2018, the company announced that it would be implementing an electronic self exclusion process through its in shop app.
The new system will replace the current paper based process, and will be implemented across the United Kingdom.
In May 2018, Paddy Power Betfair announced its intent to acquire Fan Duel, one of the two leading daily fantasy sports operators in the United States.
The deal was part of an effort to bolster the company's assets in the United States, following the overturning of a federal prohibition on sports betting.
The company paid $158 million to merge its existing operations in the United States with Fan Duel, and holds a 61% controlling stake in the combined company, with the option to increase is stake to 80% after three years and 100% after five.
In October 2018, the company was fined £2.2 million by the Gambling Commission for failing to protect customers showing signs of problem gambling, and for failing to carry out adequate anti money-laundering checks.
The division in the United States includes the TVG Network, which is a horse racing television channel and pari mutuel online betting network, which is active in thirty five states.