Flutter Entertainment
2 February close: $148
27 February close: $106
Peak February close: $153
Flutter Entertainment’s stock continued to crater in February, down around 14% during the month to hover above $100, although that’s doesn’t tell the full story given FanDuel’s parent company has lost nearly half its value since the turn of the year. Around six months ago, Flutter’s market cap had breached new highs north of $50bn; today its valuation sits at less than $19bn. The increased pressure from nationwide prediction markets is behind much of the sell-off, as investors fear platforms behind event contracts could eat the regulated sports betting industry’s lunch. Flutter’s stock took another dive last week, following news in the Q4 earnings of noticeable customer churn during the NFL season and softer full-year 2026 guidance.
DraftKings
2 February close: $27.24
27 February close: $23.74
Peak February close: $27.24
Another US operator to feel the impact of prediction markets is DraftKings, with its stock sliding more than 20% over the past four weeks. Pull back and look at the last 12 months and the Boston-based operator has shed more than 40% of its value. While DraftKings has branched out into event contracts with DraftKings Predictions (FanDuel has done similar with FanDuel Predicts), the market seems unconvinced the pair can wrestle market share from the likes of Kalshi and Robinhood. During the firm’s Q4 earnings call in February, co-founder and CEO Jason Robins suggested it was all systems go for prediction markets now regulatory uncertainty has been “cleared up”. DraftKings’ shares tumbled 15% in after-hours trading that day despite a 43% year-on-year (YoY) bump in revenue. The company holds its Investor Day today, 2 March.
Better Collective
2 February close: SEK106.20
27 February close: SEK128
Peak February close: SEK128
Stockholm-traded shares in Better Collective climbed more than 20% during February, as positive Q4 earnings gave the affiliate giant a shot in the arm. While Better Collective is way off early 2024’s giddy peak of SEK332, there has been a mini recovery of late, with cost efficiencies helping to drive record quarterly EBITDA of €37m – up 10% YoY – for the final three months of 2024. Bosses said they “took decisive steps to reshape the company” in 2025 and are guiding organic growth of 7% to 12%. EBITDA before special items is expected to increase between 8% and 18%. Investors reacted positively to the announcement, resulting in an immediate 5% increase to the share price when the market opened the following morning.
Caesars Entertainment
2 February close: $20.56
27 February close: $25.05
Peak February close: $25.05
Takeover talk jumpstarted Caesars Entertainment shares into life at the end of February, resulting in the multichannel operator rallying 16% over the course of the month. According to the FT, Golden Nugget owner and current US ambassador to Italy Tilman Fertitta is among those interested in acquiring the business, which includes iconic properties in Las Vegas and online brands Caesars Sportsbook, Horseshoe Online Casino and Caesars Palace Online Casino. A possible management buyout was also reported by the newspaper. Fertitta sold Golden Nugget Online Gaming to DraftKings in 2022 in an all-stock transaction worth approximately $1.56bn. Prior to the takeover speculation surfacing, Caesars’ shares were trading at a five-year low.
Evoke
2 February close: 25.4p
27 February close: 29.8p
Peak February close: 31p
Evoke rose 11% in February, closing out the month at almost 30p, as the board still figures out the best options for the business as part of the ongoing strategic review. A breakup or full sale of the William Hill, 888 and Mr Green parent company is on the table, though the mammoth debt pile – ostensibly accrued from the £1.95bn acquisition of William Hill’s non-US assets in 2022 from Caesars – will be hard to stomach for potential suitors. The view among industry observers seems to be the best and most likely option is private equity acquires the FTSE 250 operator and performs a restructure, including potential asset sales. With a market cap of around £126m, evoke currently trades around 2011 levels, when the business was purely 888 and its B2B arm, Dragonfish.
Have Your Say
Take our short customer survey on EGR’s content and data offering for the chance to win a £100 Amazon voucher. It will take less than three minutes, with the findings used to inform our plans to improve the platform.
The post Stocks Tracker: Threat from prediction markets weighs down US leaders first appeared on EGR Intel.
EGR analyses the share price movements of major industry players in February, including Flutter, DraftKings and Caesars
The post Stocks Tracker: Threat from prediction markets weighs down US leaders first appeared on EGR Intel.