FanDuel to Debut Prediction Market App to Fend Off Competitors
PositiveArtificial Intelligence

FanDuel, the US online gambling division of Flutter Entertainment Plc, is launching a prediction market app to navigate the complexities of state laws that restrict traditional sports betting. This innovative product will enable FanDuel to tap into markets that were previously inaccessible due to legal constraints. Additionally, the launch is a proactive measure against the rising competitive pressure from new startup exchanges entering the gambling space. By diversifying its offerings, FanDuel aims to maintain its market position and attract a broader user base, ensuring its relevance in an evolving industry landscape.
— via World Pulse Now AI Editorial System