Flutter falls as brokerage flags growing threat from prediction markets
21/07/2026 15:56
BUZZ-Flutter falls as brokerage flags growing threat from prediction markets ** Shares of sports-betting company Flutter Entertainment FLUT.N fall 2.6% to $103.73
** BofA Global Research says rising prediction-market volume and user overlap could weigh on H2 organic online sports-betting growth
** Prediction-market consumer volume reached about $10 bln in June, equal to ~85% of online sports-betting handle - brokerage
** BofA says percentage of DraftKings DKNG.O users also using prediction-market platform Kalshi rose to 9.5% in June from 4% in January
** Flutter is scheduled to report second-quarter results on Aug 5
** Including session moves, stock has fallen ~52% this year
(Reporting by Prathik Jayaprakash in Bengaluru)
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