The world’s largest online betting company completes its pivot to Wall Street on Aug. 3, leaving the New York Stock Exchange as the only home for its shares. For FanDuel bettors, nothing changes.
- Flutter Entertainment, the parent of FanDuel, will trade on the London Stock Exchange for the last time on July 31 before its delisting takes effect August 3
- The company’s shares will then trade only on the New York Stock Exchange under the ticker FLUT
- Flutter pointed to thin London trading volumes and the cost of running a second listing, calling the exit best for shareholders
- FanDuel, Paddy Power, Betfair, PokerStars and Sky Betting all continue unchanged, and Flutter stays incorporated in Ireland
- The move caps a shift that made New York Flutter’s primary listing back in 2024, as U.S. betting became its main engine
NEW YORK – The company behind FanDuel is about to become, in the eyes of the stock market, an American one. Flutter Entertainment will delist from the London Stock Exchange on August 3, leaving its shares to trade only in New York and completing a yearslong turn toward the market where FanDuel has made it the biggest name in U.S. sports betting.
One Listing Left, and It Is on Wall Street
Flutter said in its delisting notice that its ordinary shares will change hands in London for the final time on July 31, with the removal taking effect at 8 a.m. London time on Monday, August 3. After that, the stock lives on a single venue, the New York Stock Exchange, under the symbol FLUT. To pull the listing, the company asked Britain’s Financial Conduct Authority to strike its shares from the Official List and told the London exchange to cancel their admission to trading, steps that require at least 20 business days of advance notice.
Why Flutter Is Walking Away From London
The decision grew out of a review the company flagged alongside its first-quarter results on May 7. Flutter said it weighed how lightly its shares traded in London against the extra expense and the regulatory and administrative load of keeping a second listing open, and decided the arrangement no longer earned its keep. Management concluded the exit was “in the best interests of Flutter and its shareholders.” A dual listing, in other words, had turned into a cost with little left to justify it, and the company chose to run its stock in one place instead of two.
The FanDuel Effect
The gravity behind the move is FanDuel. Flutter’s U.S. arm booked about $1.76 billion in revenue in the first quarter, roughly 41% of the group total, and FanDuel sits at the top of the American sports betting market with close to two-fifths of it. That is why nearly all the trading interest in the shares has drifted into New York hours, and why a London line increasingly looked like a holdover from an earlier chapter of the business. FanDuel is now the reason the parent takes the shape it does, and its results steer where the group goes next.
A Two-Year March to New York
The delisting is the final step of a journey that began in January 2024, when Flutter added a New York listing, and sped up that May when it moved its primary listing across the Atlantic. At the time, the company argued that a U.S. primary listing was the natural base for a business whose largest profits were expected to come from America. Cutting the remaining London line simply finishes what that choice started, folding the entire company onto one American exchange rather than splitting it between two.
What Changes for Shareholders
For most investors, the mechanics are quiet. Flutter says the delisting does not alter how many shares anyone owns, and it leaves untouched the company’s incorporation and tax base, both of which stay in Ireland. Anyone already holding the stock through the U.S. clearing system sees no change at all. The investors who need to act are those holding London-traded depositary interests, whose brokers or custodians are reaching out about moving to the New York listing, a switch that could nudge trading costs for smaller retail holders in the UK.
For FanDuel Bettors, Nothing Moves
None of this reaches the app. FanDuel keeps running as it does today, and so do Flutter’s other brands, from Paddy Power and Betfair to PokerStars and Sky Betting. The delisting concerns where the parent’s stock trades, not how its betting products work. FanDuel remains one of the licensed online sportsbooks in the U.S., and if anything the change underlines how central American customers have become to the company that owns it.
Dropping Out of the FTSE 100
Leaving London also means leaving the FTSE 100, the index of Britain’s largest public companies that Flutter had belonged to. A place on that benchmark brings built-in demand from index funds that track it, and some UK-focused investors are limited to London-listed shares for benchmark or operational reasons. Once the stock trades only in New York, that natural base of British buyers thins out. It is one of the quieter costs of the move, and a reminder that a listing is not only about liquidity but about who is required, or able, to hold the shares.
Part of a Wider Flight From London
Flutter is not leaving in a vacuum. Bloomberg framed the departure as the latest in a run of companies abandoning the UK exchange to chase deeper pools of capital in the United States. Dozens of firms have shifted their primary listings away from London or left it outright over the past two years, and the city has slipped down the global rankings for new stock offerings. For a market fighting to keep its heavyweight names, losing the world’s largest online betting company is another sting.
A Harder UK Backdrop
The timing also reflects a tougher climate for gambling operators at home. Britain sharply raised its Remote Gaming Duty in April, lifting the online casino tax from 21% to 40%, with a further betting-duty increase due next year. Flutter has estimated that UK duty changes could shave roughly $320 million off its adjusted earnings in 2026 and around $540 million in 2027 before it takes steps to offset them. The company did not name taxes as a reason for the delisting, but the pressure forms part of the backdrop as it leans harder into North America.
A Betting Giant That Now Answers to Wall Street
Flutter is doing all of this from a position of scale. The group reported about $16.38 billion in revenue for 2025, up 17% from the prior year, and roughly $4.3 billion in the first quarter of 2026. From August 3 it carries that heft as a single-listed New York company, an Irish-rooted operator that built its name on British brands and now stakes its future on American bettors and the online gambling sites for USA players it serves.