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FanDuel secures $11m in funding

FANTASY sports game provider FanDuel has raised $11 million (£7m) in its latest funding round.

The business, founded in 2009 in Scotland, is based across New York and Edinburgh and now employs more than 40 people.

It has exploited a niche in the US where daily fantasy sports games are exempt under online betting laws as they are classified as games of skill rather than chance.

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