Over the last 20 years, fantasy sports have evolved from a niche pastime involving a group of fans informally scoring competitions by hand to a multibillion dollar industry. The institution of daily fantasy sports (DFS) is the most recent phenomenon involving fantasy sports. One need only look at the money spent on advertising to recognize the prevalence of DFS.
To encourage innovation, Chinese investors increasingly invest in U.S. technology researchers.[1] Meanwhile, U.S. investors also invest in the technology market in China. Recently, Intel Capital invested $67 million in eight Chinese startups, and Dell Inc. pledged $125 billion in investments in Chinese businesses, including technological component purchases and manufacturing expenses.[2] When entering a market in a developing country, investors