Tag: Flutter
Investors remain ‘cautious’ as DraftKings and FanDuel move into sports prediction markets
With DraftKings launching its prediction market app Friday and FanDuel expected to follow soon, a Wall Street analyst said it’s clear... more
UK regulator fines Flutter’s Paddy Power Betfair £2M for failing to protect gamblers
Paddy Power Betfair is to pay £2m for acting too slowly on concerning customer behaviours, including one player who staked £86,000 over... more
UK Court of appeal finds against punter who sued Betfair following £1.5M gambling loss
A punter who sued Betfair over nearly £1.5 million in losses after claiming they should have known he was a problem gambler has lost his... more
British betting industry reels from online gambling tax hike
A host of Britain’s best-known bookmakers have warned that jobs will be cut, profits will be hit and investment in the UK reduced as they... more
Flutter’s Sky Bet relocates HQ to Malta to slash its UK tax bill by up to £55m a year
One of the UK’s largest gambling firms, Sky Bet, has relocated its headquarters to Malta – in a move that could cut its UK tax bill... more
Former British PM raises tax avoidance concerns over Sky Bet move
Former prime minister Gordon Brown has asked MPs on the Treasury Select Committee to investigate whether betting firms are exploiting the... more
FanDuel to enter prediction markets in December
Flutter Entertainment used its third-quarter earnings call to roll out FanDuel Predicts, its vehicle for competing in the event-contracts... more
India ban drives Flutter Entertainment loss
Despite adverse sporting outcomes, which management acknowledged in an 11 November earnings call, FanDuel parent Flutter Entertainment grew... more
FanDuel abandons Nevada licensing as it launches sports betting prediction markets app
FanDuel, which along with casino operators has been warned by Nevada gaming regulators to abstain from prediction markets or risk their... more
Tribal gaming leaders weigh threat from sports prediction markets and FanDuel’s new app
Two high-ranking executives with the Indian Gaming Association sounded a warning Wednesday that tribes will have to lobby Congress and beef... more
