Bloomberg Businessweek Flutter CEO on the Business of Sports Betting
Dec 4, 2023
Flutter's CEO discusses plans for an IPO next year and the growth of sports betting. IWG CEO talks hybrid work model. Bloomberg editors explore Anduril's fighter jet device. Market outlook includes AI and trusted data, expectations for equities and international markets.
AI Snips
Chapters
Transcript
Episode notes
US Sports Betting Boom
- The US sports betting market has exploded since a 2018 Supreme Court decision.
- It generated over $10 billion in the last 12 months, according to Vixio.
Flutter's Dual Listing Strategy
- Flutter, FanDuel's parent company, plans a dual listing on the NYSE and LSE in Q1 2024.
- This aims to attract US investors and talent.
FanDuel vs. DraftKings
- FanDuel and DraftKings, initially daily fantasy sports rivals, now compete in sports betting.
- A merger was discussed in 2017 but didn't happen.