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The company aims to access the deep and liquid US capital markets and make trading Flutter shares available to US retail consumers.
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Flutter owns popular websites such as FanDuel, Sportsbet, PokerStars, and Paddy Power.
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DraftKings is Flutter’s main competitor in the US online sports betting market.
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Flutter’s stock has gained 9% in 2023, while DraftKings’ stock has surged 208%.
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FanDuel is the fastest-growing gaming brand and the number two player in the US market according to Flutter’s CEO.