In mid-November 2016 the two largest daily fantasy football companies, DraftKings & FanDuel, announced a merger of equals. The thinking was that instead of pouring hundreds of millions of dollars into continuing to fight each other, they could fight legal and political battles together & continue to expand. When the news broke, ReCode quoted “the merger still needs to pass regulatory approval, but it’s hard to imagine that will be a problem.” So why haven’t we heard anything substantial since then? Why have almost four months gone by with no news of a confirmed merger? A period of silence of...