Flutter doubles down on prediction markets despite investor worries about growth

Flutter Entertainment is leaning harder into prediction markets, even as some investors question how much upside the move will really deliver.

In its fourth quarter earnings letter to shareholders, the parent company of FanDuel made clear that it plans to step up spending on its new prediction markets product this year. The company said: “We believe this new product enables us to harness a significant and incremental expansion of the US addressable market ahead of further state regulation ...