Over the course of the next three quarters, the Flutter-owned operator is set to phase out its FanDuel TV operations before the end of the year – simultaneously axing its peer-to-peer fantasy sports product – and it’s not hard to predict why.
Launched in 2025, FanDuel Picks seems to be over before it has even begun – with a full shutdown across 17 states now scheduled before the end of May this year. Elsewhere, potentially over 100 jobs are now at stake as FanDuel TV reduces its workforce by 60% before the end of June 2026 – prior to a full shutdown by 2027.
Predictions: More than a flash in the pan?
Although it will act as little comfort to those whose livelihoods will be affected by this change, the broader perspective for an operation the scale FanDuel is that it is scaling back its side projects in search of funding for something, it hopes, will turn out to be bigger and better. Alas, as we know in gambling – with great power comes great responsibility, and drastic times...
After initiating these latest (drastic) measures to scale back the aforementioned departments, FanDuel will certainly be hoping that prediction markets will certainly be more than a flash in the pan.
At this juncture, it is worth noting that the operator has not clarified that these latest decisions are in any way related to the recent launch of its prediction market platform FanDuel Predicts, financially or strategically. Nevertheless, putting two and two together is basic mathematics, and crunching the numbers creates a vivid prediction picture on a far grander scale.
You do the math...
Two years ago, FanDuel’s two most fierce competitors didn’t really exist within the gambling frame. If they did, it’s fair to say their existence was unbeknownst to most of us. Indeed, over the past six months, Kalshi’s valuation has risen by $18bn. On the other side of the coin, FanDuel’s parent company – Flutter – has seen its market capitalization drop by over $26bn during the same time period.
Could a prediction market side-gig be the skyrocket catalyst that reshapes the market for good?
Share prices have fallen by $200 since their 2025 peak in September for the operator, which has now cast off from the American Gaming Association in favour of predictions.
As has been well established, FanDuel – among many others in the US market – has now gone all in on prediction markets. It seems to matter very little the fierce litigation that has befallen the likes of Kalshi and Polymarket. Even if it did, FanDuel and DraftKings have each cleverly opted to only release their prediction platforms in the yet unregulated sports betting states so as to avoid the same fate.
Is a windfall waiting in the wings?
FanDuel Predicts launched in December 2025 and – as of yet – has not gone on to set the world ablaze. But these things do take time, and the operator is looking to find its feet in previously unchartered territory, all while continuing to run arguably the biggest sports betting platform in America.
Nevertheless, this week has seen London-based investment banking and capital markets firm Jefferies release information suggesting strong initial download momentum for FanDuel Predicts, peaking at 48,000 downloads per day in mid-March. To go one step further, the firm has estimated that the app could – in theory – generate $125m in additional annual revenues that had not previously been factored into Flutter’s company guidance.
That is to say, $125m in potential additional unforeseen revenues for FanDuel prior to the wind-down of its TV and peer-to-peer fantasy sports products, which will inevitably pave the way for additional funding.
For large-scale regulated operators with existing sports betting frameworks in the US, could a prediction market side-gig be the skyrocket catalyst that reshapes the market for good?
On March 30, 2026, Flutter’s share price dropped to a 52-week low at $99.50
