Fox Betting Plan Stalls as Murdoch Wrestles With FanDuel Parent
- Heavily promoted Fox Bet app is only available in four states
- Option to buy stake in FanDuel is heading to arbitration
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Fox Corp.’s plan to be a major player in sports betting has hit a snag with the fledgling sports betting site Fox Bet struggling and the company failing to resolve ongoing ownership issues with its partner Flutter Entertainment Plc.
The 3-year-old site, heavily promoted on Fox TV networks, is only available in four states, and Fox Chief Executive Officer Lachlan Murdoch said he’s unhappy with the progress.