Benzinga
13 Jun 2026, 20:21 UTC · 19w ago
DraftKings and Flutter Jump as World Cup Continues, But Key Risk Remains
Impact · against what's priced in
DraftKings and Flutter face a conflicting landscape where record World Cup wagering is offset by structural threats from prediction markets and compressed margins. While short-term volumes are bullish, the long-term outlook is dampened by muted revenue growth and rising customer acquisition costs.
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- In context
Record-breaking World Cup wagering projections of $4.4 billion provide a short-term catalyst, but this is tempered by a rise in prediction market competition and muted 12% YoY revenue growth.
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