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The US supreme court decision paves the way for states to legalise sports betting. Photograph:  Jim Watson/Getty

Paddy Power Betfair’s shares surged 12 per cent on Monday following a US supreme court ruling ending a ban on sports betting in the world’s biggest ec(...)

 Paddy Power Betfair’s chairman Gary McCann  and chief executive Breon Corcoran: will pay up to $48 million (€37 million) for Draft. Photograph: Eric Luke

Paddy Power Betfair may look at other deals in the US following its purchase there of fantasy sports business, Draft, according to chief executive Bre(...)