Overview
- FanDuel president Christian Genetski will lead the business after Wednesday's announcement that CEO Amy Howe departed, and an SEC filing shows she will receive $4.37 million in severance.
- Flutter elevated Dan Taylor to a new role as president of Flutter Entertainment to drive global commercial results while he continues to run the international division.
- Flutter reported first‑quarter revenue of $4.304 billion, up 17%, and lowered its 2026 adjusted earnings target to $2.87 billion because favorable outcomes for bettors and the Arkansas launch raised costs.
- The company is leaning into prediction markets, committing $300 million to FanDuel Predicts and beginning in April to make markets for a major third‑party platform to supply trading liquidity.
- Shares fell about 2.5% after the update as investors weighed U.S. sportsbook softness and rising rivals in real‑money event trading, a product class that lets people buy and sell contracts on outcomes but still faces evolving U.S. rules.