FanDuel Ponders Prediction Market Spending, Assesses Profit Potential
Photo: GamblingNews
Flutter Entertainment has decided to reconsider just how much it is willing to inject into prediction markets , weighing their potential to generate standalone profits against their value in attracting future sportsbook customers. The announcement comes at a particularly important time for FanDuel as competition keeps intensifying and operators are spending more aggressively to gain market share. More Clarity Expected Speaking during Flutter’s third-quarter earnings call on Wednesday, November 4, chief executive officer Dan Taylor said the company expects the upcoming months to bring more clarity on its understanding of the economics of its prediction market business.
Source: GamblingNews
