By SectorWire desk ·
The report said that Flutter FLUT · USD 75.60 2026-10-16 Data finance chief Rob Coldrake said FanDuel Predicts launched more slowly than planned. The prediction-market product featured in an Oppenheimer discussion following the company’s earnings call.
The rollout has fallen behind Flutter’s planned timetable.
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Jackson’s assessment addresses prediction markets’ effect on Flutter’s sports betting business.
The order requires confidential review before deciding which documents shareholders may obtain; it does not resolve their allegations.
DraftKings and Flutter share declines reflect investor concerns over weaker earnings, promotional spending and prediction market competition.
Fanatics’ potential $1bn advertising spend would support its effort to challenge DraftKings and FanDuel in US sports betting.
Fanatics plans to increase marketing spending from $350m to $800m, potentially $1bn, to narrow the gap with DraftKings and FanDuel.
Midnite’s product recruitment supports international growth plans, including a planned Canadian launch.