A long-running dispute involving one of the leading online sports betting sites in the United States is nearly resolved in a way that could lead the operator to greater independence — but it could also signal the beginning of the end for a lesser-used book.

Flutter Entertainment PLC and Fox Corp. announced recently that there was an arbitration ruling regarding their disagreement over the latter’s right to an ownership stake in FanDuel, which Flutter already owns 95% of.

Fox and Flutter have a business connection due to Flutter’s acquisition of Stars Group Inc. in 2020, which ultimately gave Fox the option to buy an 18.6% equity interest in FanDuel Group.