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Updated · Bloomberg · May 6Flutter elevates Christian Genetski to lead US betting business
11 articles · Updated · Bloomberg · May 6
- Genetski replaces Amy Howe, who had served as FanDuel chief executive for more than five years, according to a person familiar with the plans.
- The leadership change comes as Flutter reorganises its US betting operations amid a push into prediction markets through FanDuel.
- Earlier reports said Flutter faced investor pressure after weak guidance, a share-price slide and a $300 million investment in FanDuel Predicts.
With its CEO ousted amid falling stocks, is FanDuel sacrificing responsible gaming principles for profit? Can FanDuel's new CEO win the regulatory war against the rising threat of prediction markets?