Prediction markets are interesting developments, but are they the long-term opportunity that investors are hoping for?
Flutter Entertainment plc shares are down 49% with FanDuel dominance and 30% upside. Prediction markets are a minor threat.
Quick Read DraftKings (DKNG) and Flutter Entertainment (FLUT) stocks fell in 2026 as prediction markets like Kalshi captured $720M in NFL bets. DraftKings generates 52% of revenue from sports betting.
Seven states pulling nearer to next steps to legalization of sports betting favors FLUT disproportionately as sector leader. We see 2 or possibly 3 advancing to the doorstep of going legal. The latest ...