Citi Slams Flutter Entertainment with Double Downgrade to Sell Amid 2026 Growth Fears
Citi downgraded Flutter to Sell, slashed its price target, and warned of weak growth, rising competition, and falling profitability.
Citi downgraded Flutter to Sell, slashed its price target, and warned of weak growth, rising competition, and falling profitability.
Prediction markets are booming fast, with huge growth expected to $1T by 2030 as betting on real events goes mainstream.
Sens. Schiff & Curtis introduce legislation to ban CFTC-regulated prediction markets from offering sports wagers, closing a loophole amid state clashes.
Flutter, parent of FanDuel, reports Q4 misses amid prediction market pressures; shares drop as US forecasts fall short, but international outlook shines.
DraftKings and Flutter shares tumble as prediction market platforms Kalshi and Polymarket surge during NFL playoffs, threatening traditional sportsbook dominance with $720M in weekly volume.
Wells Fargo upgrades DraftKings and downgrades Flutter, highlighting stronger near-term upside for DKNG and solid long-term growth in digital gaming.