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Formula 1 names FanDuel official betting operator in US and Canada

Deals & M&A

Formula 1 named FanDuel its official betting operator in the US and Canada under a multi-year agreement, the companies said. The partnership will add FanDuel odds and betting content to Formula 1's official guide, with responsible-gambling materials and additional championship betting formats planned by year-end.

The agreement gives FanDuel access to Formula 1 platforms and establishes the series’ first official US betting-operator partnership.

End-of-day close Flutter (FLUT), USD, to 2 July 2026
Story date6 April 20262 July 2026

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Flutter weighs FanDuel prediction market spending and profit potential

Flutter Entertainment chief executive Dan Taylor said on its 4 November earnings call that the company expects more clarity in the coming months on the economics of FanDuel Predicts. FanDuel recorded $119 million in trading volume in the third quarter; Flutter expects its market-making operation to generate $50 million in revenue and $40 million in adjusted EBITDA during 2026.

Dan Taylor, Flutter's chief executive, told the third-quarter earnings call on 4 November that the coming months should sharpen the company's view of how its prediction market business makes money. At issue is whether FanDuel Predicts can turn a profit by itself, or can only help recruit customers in states that could later permit online sports betting.

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