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The Latest Breaking News from Fanduel

Underdog Sports turns to prediction markets after Missouri withdrawal

The withdrawal came less than a week before the launch of legalized sports betting in the Show-Me State

The Independent UK

Analysts back British gambling firm stocks despite tax rises for sector

Paddy Power owner Flutter and other betting and gaming firms say higher online gambling taxes will hit profits hard

The Guardian - UK

MGM CEO thanks Nevada Gaming Commission for action against prediction markets

Bill Hornbuckle said that prediction markets are ‘without a doubt sports betting’ as he thanked regulators for taking action on such platforms

The Independent UK

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Exclusive: Polymarket CEO blasts sportsbooks as "scam"

Coplan said traditional sportsbooks "all rip off the consumer" and "none of them innovate."

Axios

Options Corner: FanDuel Parent Flutter Entertainment's Implosion Offers Speculators An Enticing Wager

Flutter Entertainment Inc. (NYSE:FLUT) initially saw its market value climb following the disclosure of its latest financial performance. Unfortunately, as analysts and investors fully digested the news — which involved mixed results and a softened outlook — FLUT stock crumbled. In the trailing week, it's down 12% while in the…

Benzinga

Flutter, DraftKings Prediction Markets Could Have Different Rules: How The Sports Betting Giants Approach With Caution

Both Flutter Entertainment (NYSE:FLUT) and DraftKings Inc (NASDAQ:DKNG) are ready to take on the competition of prediction markets.

Benzinga

Paddy Power owner issues warning as gamblers beat the bookies

The betting giant is set to launch a new app soon

The Independent UK

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Paddy Power owner Flutter alerts over earnings as gamblers enjoy winning streak

The betting giant warned of a hit of around 170 million US dollars (£129.4 million) from higher-than-expected payouts since October 1.

Evening Standard

Online gambling is growing in popularity. Here's how to avoid its biggest pitfalls

Most countries in the European Union allow at least some online gambling. Here's how to stay safe when making bets.

Euronews

Online gambling is everywhere. So are the risks

With the rise of online betting and prediction markets, states and public health organizations are devoting resources to people who become addicted or develop a problematic habit

The Independent UK

Prediction Markets Are Coming: Can DraftKings & FanDuel Survive?

Prediction markets are growing exponentially in the U.S., and sports books are feeling the pain. Can traditional betting platforms survive this new competition?

MarketBeat

DraftKings, Flutter Stocks Downgraded On Prediction Market Risk: 'Relentless Headwinds'

Bank of America Securities analyst Shaun C. Kelley downgraded both DraftKings Inc (NASDAQ:DKNG) and Flutter Entertainment (NYSE:FLUT) ahead of their upcoming earnings reports, citing mounting challenges in the sports betting sector.

Benzinga

Prime Video, Pluto TV and more free streaming services just got a major live sports upgrade

FanDuel Sports Network is bringing select NBA and NHL games to free streaming services like Prime Video and Pluto TV.

Tom’s Guide

How the explosion of prop betting threatens the integrity of pro sports

When I first heard about the arrests of Portland Trail Blazers coach Chauncey Billups, Miami Heat guard Terry Rozier and former NBA player Damon Jones in connection to federal investigations involving illegal gambling, I couldn’t help but think of a recent moment in my sports writing class.

The Conversation

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The Independent UK

NBA podcaster Zach Lowe warns that ‘prop bets are an absolute menace’ right after touting them in FanDuel ad spot

‘Everyone is in bed with the sports betting companies … We’re all complicit,’ Zach Lowe acknowledged on his podcast.

The Independent UK

Sports betting is a booming business. The FBI's NBA probe is putting it in the spotlight

The stunning indictment that led to the arrest of more than 30 people — including Miami Heat guard Terry Rozier and other NBA figures — has drawn new scrutiny of the booming business of sports betting in the U.S. The multibillion-dollar industry has made it easy for sports fans —…

The Independent UK

How it Worked: Bets flowed after NBA player told pal he'd skip much of game, indictment says

An indictment says gambling money flowed after NBA player Terry Rozier told a pal that he would be exiting early from a game with the Charlotte Hornets in 2023

Fortune

A sports bettor turned $15 into $140K from a 3-leg parlay. It’s the exception to the risky bet making sportsbooks billions

“The notion of a parlay in general is so statistically unlikely to happen that it is one of the surest fire ways for the sportsbooks to just make the money off that,” one expert said.

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Benzinga

What's Going On With Amazon Stock Tuesday?

Amazon.com Inc (NASDAQ:AMZN) shares are trading lower on Tuesday despite multiple positive catalysts, including a new partnership with FanDuel and a bullish analyst initiation from Mizuho.

The Independent UK

Prime Video will have a variety of interactive features for its NBA coverage

Prime Video is enhancing its NBA coverage with interactive features

Sports Illustrated

FanDuel Promo Code: Bet $5, Win $300 in Bonus Bets for Thursday Night Football

Unlock the FanDuel promo code offer for Thursday Night Football with no promo code. Place a winning $5 wager and get $300 in bonus bets.

Dot Esports

FanDuel teams up with Delaware North to expand market access in West Virginia

Enhancing the sportsbook and casino offerings in the Mountain State.

The Texas Tribune

Federal loopholes may have opened the door for sports betting alternatives that skirt Texas’ gambling ban

While the state's strict ban on gambling hasn’t changed, fast-growing daily fantasy sports and prediction market apps are giving Texans new ways to wager without leaving home.

Sports Illustrated

FanDuel Promo Code for NFL Week 2: Bet $5, Get $300 in Bonus Bets if You Win

Claim the latest FanDuel promo code offer for Week 2 of the NFL season when you make a $5 wager on any game. Win $300 in bonus bets.

The Independent UK

FanDuel agrees to pay Jacksonville Jaguars $5 million to offset losses from ex-employee’s theft

The fee will help offset the nearly $20 million that a former employee stole from the NFL franchise

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