Mar. 19 at 6:32 PM
$FLUT Flutter launched FanDuel Predicts in late 2025 (initially in select states, expanding phased rollout), in partnership with CME Group.
• It offers trading on sports event contracts, financial benchmarks (e.g., S&P 500, oil prices), and more, available nationwide in phases.
• Executives see encouraging early traction and plan to ramp up investment (trending toward upper end of guidance).
• Flutter has downplayed meaningful negative impact from external prediction markets on its core sportsbook business, noting no significant driver of moderating trends.
• Like DKNG, it benefits from expanding the total addressable market, potentially accelerating broader gaming legalization, and maintaining dominance in high-margin areas like parlays.
Prediction markets are seen as a minor threat at most to core economics, with FanDuel’s scale and user base providing advantages.
