Flutter Plunges 14.5% On Revenue Miss As Prediction Market Threat Grows - Flutter Entertainment (NYSE:FLUT)

Flutter Entertainment (NYSE:FLUT) has lost over half its value in the past year as prediction markets like Kalshi and Polymarket carve into the U.S. sports betting pie.On Thursday, the FanDuel parent company reported 2025 revenue of $16.4 billion, missing its own $16.7 billion forecast. Furthermore, Flutter projected 2026 sales of $18.4 billion, falling significantly short of Wall Street's $19.3 billion expectation. DraftKings (NASDAQ:DKNG) , FanDuel's main competitor, similarly disappointed earlier this mo ...