FanDuel owner profits as a market-maker for prediction platforms
CEO Peter Jackson says Flutter expects new business to become ‘good contributor to our revenues’
Related reading
Prediction markets take a bigger bite of US sports gambling pie
DraftKings and Flutter shares slide as investors fret about threat posed by apps such as Kalshi
Betting on prediction markets has exploded over past two years
Value of bets soars from $100mn to $13bn a month
The big state gamble on prediction markets
Fights over regulation could reshape the US federal system of government
Betting on risk changes the world
Prediction markets are the latest example of a disruptive new industry smacking into problems incumbents have long understood
The uses and abuses of prediction markets
Insider bets, low liquidity and regulatory gaps complicate efforts to turn wagers into financial tools
There is method in the market’s madness
But it relies on a host of rosy assumptions going in investors’ favour