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FanDuel Predicts trades 119 million dollars in the third quarter as Flutter weighs how much to spend on prediction markets, InGame reports
- FanDuel Predicts trades 119 million dollars in the third quarter as Flutter weighs how much to spend on prediction markets, InGame reports — Flutter CEO Dan Taylor said on the third-quarter earnings call that the company will soon get a clearer view of whether to run prediction markets as a profit source or as a way to win customers in states that may legalize sportsbooks. FanDuel Predicts volume almost trebled in October compared with July, while Flutter reported 3.87 billion dollars in quarterly revenue and cut full-year adjusted EBITDA guidance by 160 million dollars to 2.495 billion dollars. (InGame)
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