DraftKings, FanDuel Parent Rally On Legislation That Targets Prediction Markets | Investor's Business Daily BREAKING: Futures Rise, Oil Prices Fall On Iran Deal Hopes A bipartisan bill in the U.S. Senate would ban sports betting on prediction markets, a move that would benefit betting platforms such as DraftKings (DKNG), FanDuel parent Flutter Entertainment (FLUT) as well as Rush Street Interactive (RSI). The bill targets prediction-market exchanges such as privately held Kalshi and Polymarket, which offer ...

DraftKings and Flutter Stocks Rally on New Bill to Ban Sports Betting Through Prediction Markets - Barron'sSkip to Main ContentThis copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.DraftKings and Flutter Rally on Bill to Ban Sports Betting Through Prediction MarketsBy Nick Devo ...

DraftKings and Flutter Stocks Rally on New Bill to Ban Sports Betting Through Prediction Markets - Barron'sSkip to Main ContentThis copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.DraftKings and Flutter Rally on Bill to Ban Sports Betting Through Prediction MarketsBy Nick Devo ...

Flutter stock is charging ahead with explosive momentum. Why is FLUT stock up today?Bipartisan Bill Targets Sports Betting On Prediction MarketsAccording to The Wall Street Journal, a bipartisan group of senators is introducing legislation to prohibit entities regulated by the CFTC, including prediction-market platforms such as Kalshi and Polymarket's U.S. platform, from listing contracts tied to sporting events.Sen. Adam Schiff said the bill aims to eliminate what he described as a "backdoor" that violates ...

March Madness Isn't Helping DraftKings or FanDuel Owner Flutter Entertainment - Barron's Skip to Main Content This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. March Madness Isn't A Slam Dunk Reason to Buy DraftKings or Flutter Stock | By Paul R. La Monica | | --- | | Shar ...

Core Viewpoint - Flutter Entertainment plc (NYSE:FLUT) is identified as a potential investment opportunity for high returns in 2026, despite recent downgrades in price target by Goldman Sachs from $270 to $205 [1]. Financial Performance - The company reported a 24.92% year-over-year increase in quarterly revenue for Q4 2025, reaching $4.74 billion, although it fell short of expectations by $117.21 million [4]. - The earnings per share (EPS) of $1.74 exceeded consensus estimates by $0.17 [4]. Market Challenges - The company faced disappointment in Q4 results primarily due to underperformance in the US market, attributed to weaker promotional effectiveness [2]. - Management indicated that the softness in the US market is linked to temporary issues, such as less engaging NFL matchups and outcomes from late Q4 affecting 2026 [2]. Future Outlook - The guidance for 2026 is perceived as weak, compounded by a reduced number of share buybacks [2].

Core Viewpoint - Flutter Entertainment plc has announced a share repurchase program with a maximum consideration of up to $250 million to reduce its share capital, marking the fifth tranche of a multi-year buyback initiative totaling up to $5 billion [1][2]. Group 1: Buyback Details - The buyback will commence on March 12, 2026, and conclude no later than May 21, 2026, spanning a period of 10 weeks [2]. - Goldman Sachs & Co. LLC will execute the buyback independently, adhering to pre-set parameters, with a maximum acquisition of 17,674,003 ordinary shares, adjusted for shares repurchased in previous tranches since June 5, 2025 [3]. - The buyback will comply with U.S. and EU regulations, and the repurchased shares will be cancelled [4]. Group 2: Future Considerations - Future buyback decisions will depend on ongoing assessments of the company's capital needs and general market conditions [5]. Group 3: Company Overview - Flutter is recognized as the world's leading online sports betting and iGaming operator, with a strong presence in various global markets, including the U.S. [7]. - The company operates a diverse portfolio of brands, including FanDuel, PokerStars, and Paddy Power, among others [8].

Group 1 - Flutter Entertainment plc (NYSE:FLUT) is considered one of the best buy-the-dip stocks by Wall Street analysts, with a significant upside potential [1] - Canaccord Genuity analyst Jason Tilchen reduced the price target for Flutter from $270 to $220 while maintaining a Buy rating, indicating an upside potential of over 95% [1][2] - Rothschild & Co Redburn also lowered its price target from $252 to $237, still reflecting an impressive upside potential of over 110%, while maintaining a Buy rating [3] Group 2 - The downward adjustments in price targets were attributed to disappointing fourth-quarter revenue and profitability misses in both U.S. and International segments, along with lower FanDuel engagement [2][3] - Analysts noted that the 2026 FIFA World Cup is expected to support online betting growth despite moderate revenue growth projections for 2026 [3] - Flutter Entertainment operates a diverse iGaming portfolio, including various betting brands such as BetFair, Paddy Power, Sky Betting, Sports Bet, and FanDuel [4]

Company Overview - Flutter Entertainment, which owns FanDuel, has seen its stock price decline by 48% year to date, closing at $11.40 on March 3, 2024, significantly lower than its initial trading price on January 29, 2024 [2][4] Market Dynamics - The sports betting industry is currently facing challenges, particularly from the rise of prediction markets like Kalshi and Polymarket, which are gaining traction and offering services to younger audiences and in states where traditional sports betting is prohibited [5][6] - Despite concerns, a comprehensive review by Flutter's CEO indicated that the impact of prediction markets on FanDuel's market share is minimal, with no significant cannibalization or erosion of handle observed [7] Strategic Initiatives - Flutter is actively engaging in the prediction markets through its FanDuel Predicts platform and plans to invest up to $300 million this year to enhance this business segment, which has shown promising early signs [8]

Core Insights - The company reported a revenue increase of 17% and an EBITDA increase of 21% for the last quarter [1] U.S. Performance - The iGaming segment is highlighted as the most successful part of the business, achieving 28% of Gross Gaming Revenue (GGR) by the end of Q4 [1] - The company's strategy of building exclusive content and leveraging a loyalty program has proven effective, leading to positive business prospects for the current year [1]