Fox Corp.’s desire to be a leader in the U.S. sports betting market has hit a bump in the road as online sports betting platform Fox Bet struggles and faces an ownership dispute with its partner, FanDuel owner Flutter Entertainment.
Fox partnered with Flutter – the world’s largest listed gambling group – after Flutter bought The Stars Group, the online gambling company that created Fox Bet, for $6 billion in 2019.
Fox Bet has failed to gain traction in the U.S. betting market due to its poor reach and tech.
