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Flutter CEO explains how new FanDuel predictions platform skirts U.S. sports betting restrictions

1. Flutter launches FanDuel Predicts in states without sports betting. 2. Partnership with CME enables regulated prediction markets for various events. 3. Prediction markets allow betting in traditionally restricted states like California and Texas. 4. Jackson is confident in the platform's success based on FanDuel's brand strength. 5. Flutter plans significant investments to support the new product.

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FAQ

Why Bullish?

The introduction of a regulated product in previously untapped markets can drive revenue growth, similar to past expansions in states legalizing sports betting.

How important is it?

The article outlines a significant innovation for Flutter, positioning them strongly in a regulated market while expanding their customer base, which directly affects FLUT's performance.

Why Long Term?

As the platform gains traction over time and captures new users, it could lead to sustained revenue growth, reminiscent of Flutter's past in new markets and product launches.

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