Flutter Partners with CME Group to Launch FanDuel Predicts
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 12 Jan 26
Flutter Entertainment PLC's stock fell as it hit a 20-day low amid increasing competition in the prediction markets sector.
The company has partnered with CME Group to launch FanDuel Predicts in five U.S. states, aiming to leverage this new platform to penetrate untapped betting markets. This move comes as DraftKings has also launched its own prediction platform, leading to a 5% decrease in overall betting handle for legal U.S. sportsbooks, indicating a shift in market dynamics that could pressure Flutter's market share.
As Flutter expands its offerings, the competitive landscape is becoming more challenging, necessitating strategic adaptations to maintain its position in the evolving sports betting market.
Analyst Views on FLUT
Wall Street analysts forecast FLUT stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for FLUT is 296.77 USD with a low forecast of 228.00 USD and a high forecast of 381.46 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
26 Analyst Rating
23 Buy
3 Hold
0 Sell
Strong Buy
Current: 166.730
Low
228.00
Averages
296.77
High
381.46
Current: 166.730
Low
228.00
Averages
296.77
High
381.46
About FLUT
Flutter Entertainment plc is an online sports betting and iGaming operator. Its segments include the United States (U.S.), United Kingdom and Ireland (UKI), Australia and International. The U.S. segment offers sports betting, casino, DFS and horse racing wagering products to players across various states in the United States, mainly online but with sports betting services also provided through retail outlets and certain online products in the province of Ontario in Canada. The UKI segment offers sports betting (sportsbook), iGaming products and other products through its Sky Betting & Gaming, Paddy Power, Betfair and tombola brands. Its Australia segment offers online sports betting products through its Sportsbet brand. The International segment includes its operations in 100 global markets and offers sports betting, casino, poker, rummy and lottery, mainly online. This segment includes Sisal, PokerStars, Snai, Betfair International, Adjarabet, MaxBet, Betnacional, and other brands.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
