Flutter chief executive Peter Jackson insisted on a call with analysts late on Thursday that prediction markets are not eating FanDuel’s lunch. That’s according to the current odds on Kalshi, the US prediction market whose popularity has taken off since the country’s presidential election in 2024. Kalshi and Polymarket have been helped by the Trump administration being more favourably disposed to prediction markets than the Biden one. However, Jackson insisted on a call with analysts late on Thursday that prediction markets are not eating FanDuel’s lunch. “We’ve undertaken a comprehensive review and found no evidence of material cannibalisation on our existing business,” Jackson said.

Source: The Irish Times February 28, 2026 15:01 UTC