The stock-price sell-off in FanDuel’s parent company and DraftKings was too severe even as the sports-betting giants faced a new form of competition in the market for parlays, an analyst is arguing on ...

Flutter and DraftKings are launching prediction markets, but doing so cautiously as states target the growing sector.

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Gambling company Flutter on Tuesday predicted a near threefold increase in profit this year in the US states ...