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FanDuel Predicts reaches about 140,000 active users in October as Flutter says prediction markets are lifting industry marketing costs, Covers reports
- FanDuel Predicts reaches about 140,000 active users in October as Flutter says prediction markets are lifting industry marketing costs, Covers reports — Covers reports Flutter chief executive Dan Taylor told the November 4 earnings call that prediction markets are having a limited impact on FanDuel customer wagering but are driving up media and marketing costs across the industry. FanDuel Predicts had around 140,000 active users in October, and Flutter said its United States other revenue grew 20 percent in the third quarter to 66 million dollars, driven mainly by market-making activity on exchanges. (Covers)
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