Flutter has announced that Dan Taylor is to succeed Peter Jackson as group CEO of the multi-brand online giant from 1 October.
Taylor, who will also join the board or directors, is currently CEO of the operator’s international unit, which generated more than $9bn (£6.7m) in annual revenue and north of $2.2bn in adjusted EBITDA in 2025.
Taylor was also made president of the group in May, a role which included responsibility for the commercial delivery and shaping FanDuel’s recent upgrades to its sportsbook in the US.
Jackson, a former CEO of WorldPay and Travelex, will step down after nearly nine years in the top job with the operator on 30 September, though he will remain an adviser through to the end of 2026 to “support a smooth transition”.
Taylor said he was “delighted” to take up the group CEO role “at such an important time for Flutter”, while highlighting that the “opportunities ahead are significant”.
Meanwhile Jackson said in a prepared statement: “It has been such a privilege to lead Flutter’s transformation, and I am incredibly proud of what we have achieved over nearly nine years.
“Flutter is a fantastic business, with a portfolio of world-class brands, talented colleagues and genuine competitive advantages.
“Having worked closely with Dan for many years, I have seen first-hand his ability to grow businesses, build strong teams and deliver exceptional results. I leave with great confidence in Dan, the leadership team and the company’s future.”
Jackson’s departure comes just months after FanDuel CEO Amy Howe left the company after five years and was replaced by FanDuel president Christian Genetski with immediate effect.
Elsewhere, Flutter appointed a new CEO for Sportsbet in Australia, as COO Doug Evans replaced long-serving boss Barni Evans, who took on the role of CEO of Asia-Pacific region and emerging markets.
Flutter, which announced a 3% year-on-year increase in Q2 revenue to $14.3bn, has come under increasing pressure in its main market of the US since the explosion in prediction markets offering sports event contracts.
The company’s shares have slumped more than 50% so far in 2026 and are down 65% on this time last year. Its market cap has collapsed from more than $50bn this time last year to approximately $18bn at the time of writing.
To counter the threat posed by national exchanges in the US, Flutter made its own foray into prediction markets in late 2025. FanDuel Predicts is a JV between FanDuel and CME Group – operator of some of the world’s largest derivative exchanges, such as the Chicago Mercantile Exchange and New York Mercantile Exchange.
In June, the offering was expanded with new sports and entertainment contracts through a partnership with CFTC-regulated exchange Crypto.com and clearing house OG Prediction Markets.
The following month, CME Group chair and CEO Terry Duffy prediction markets on sports “gambling” – in contrast to the likes of Kalshi and Polymarket which insist event contracts are financial swaps. Duffy added that he expects the issue to be settled one way or another by the Supreme Court.
On 29 July, London-based retail brokerage firm IG Group threw its hat into the prediction markets ring by announcing the acquisition of Underdog for up to $1.3bn.
Since expanding beyond ‘DFS 2.0’ and launching prediction markets last September, Underdog has become the third-largest US prediction market by regulation notional volume – only behind Kalshi and Robinhood and ahead of Polymarket US and offerings from DraftKings and FanDuel
Underdog now holds licences with the CFTC as a designated contract market (DCM), a derivatives clearing organisation (DCO) and a futures commission merchant (FCM).
IG Group pointed to this “licence stack” as a key driver behind the acquisition, yet CEO Breon Corcoran – formerly CEO of Paddy Power Betfair (now Flutter) – admitted there remains “regulatory uncertainty” around prediction markets.
Research released earlier this month by Macquarie suggests prediction market trading volumes could hit $1.5trn by 2030, up from $22bn in 2026. Almost half of the $1.5trn would comprise sports event contracts, the investment bank said.
Meanwhile, it has been reported by Bloomberg that decentralised prediction market Polymarket, which is also licensed in the US by the CFTC, is seeking to raise fresh capital at a $20bn valuation.
Arnold Ash is EGR’s executive recruitment partner. It supports ambitious organisations to identify and attract industry leading executive talent. Find out more here.
The post Dan Taylor to replace Peter Jackson as group CEO at Flutter first appeared on EGR Intel.
Reshuffle at the top comes after the FanDuel parent company’s share price plunges more than 60% in the past 12 months amid growing threat of prediction markets
The post Dan Taylor to replace Peter Jackson as group CEO at Flutter first appeared on EGR Intel.