Fanatics taps FanDuel CEO Matt King for sports betting and gaming venture

Fanatics, the licensed sports merchandise giant, has hired FanDuel CEO Matt King as it looks to expand into online sports betting and gaming, The Post has learned.

King, who announced his resignation from the sports betting company on May 12 and agreed to stay on until his successor is hired — has lately been in discussions with Fanatics founder and billionaire Michael Rubin, according to multiple sources. As a result, Rubin has put King in charge of the company’s gambling and gaming venture, the sources said. Fanatics has been laying the groundwork for its expansion beyond merchandise and into gaming for several months now, according to the sources.