By SectorWire desk ·
The report said that Flutter FLUT · USD 75.60 2026-10-16 Data’s US prediction market strategy combines consumer-facing FanDuel Predicts with market making. FanDuel Predicts targets states without regulated online betting, while the group also provides prices and liquidity for platform trading.
The strategy gives Flutter consumer and market-making roles in US prediction markets.
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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.
The appointment gives Midnite a general manager for its planned Canadian launch.