Fantasy Flight Publishing was founded in 1995 by its CEO, Christian T. Petersen. Since the release of its first game product  in 1997, the company has been doing business as Fantasy Flight Games ("FFG"). Since that time, FFG has grown to become one of the biggest names in the hobby games industry, being a marketplace leader in board games and maintaining strong businesses in the card game, roleplaying game, and miniature game categories.

In 2008, FFG partnered with Games Workshop, to represent Warhammer and Warhammer 40K settings in role-playing, board, and card games. In August 2011, Fantasy Flight Games bought the license which allows it to commercialize any card, miniature or role-playing game set in the Star Wars universe. They have also created board and card games for the well-known licenses Game of Thrones,Battlestar Galactica and Lord of the Rings, as well as board games based upon popular computer games: Doom: The Boardgame,StarCraft: The Board Game, and World of Warcraft: The Board Game. Additionally, they are known for revising and reprinting popular or cult classic games, including Cosmic Encounter, Arkham Horror, Talisman, and Netrunner.

From 2010 to 2013 FFG was Dust Studio's partner in publishing and distributing Paulo Parente's Miniature Wargame Dust Tactics. Commenting on the shift in 2013 Christian stated “it became clear that Paolo and the Dust games would be better served by a partner who specializes in the unique business of miniature games.