Flutter shifts FanDuel Predicts contracts to Crypto.com exchange
Flutter said it is moving FanDuel Predicts' sports and novelty contracts to Crypto.com's exchange as it expands its prediction-markets business. The company expects about $50 million in market-making revenue during 2026, while lowering its overall adjusted EBITDA guidance midpoint by $210 million after second-quarter adjusted EBITDA fell 45% year on year.
Flutter’s exchange move advances its prediction-markets strategy as lower EBITDA guidance signals financial pressure for investors.