Flutter Entertainment to Cut 1,400 Jobs Amid Regulatory Changes

Flutter Entertainment, the owner of Paddy Power, FanDuel, and Betfair, has announced plans to reduce its workforce by up to 1,400 people out of a total workforce of 9,000. The company cited the increase to the Remote Gaming Duty to 40% in April 2026 and the General Betting Duty to 25% from 15% in April 2027 as key drivers behind its decision. Affected destinations include Leeds and Dublin, as well as Porto in Portugal and Cluj-Napoca in Romania.

The NBA has asked sportsbooks to exclude wagers that are considered a 'low-hanging fruit' for fixers and criminals, and that could potentially tempt players to misplay. The league has been increasingly aware of the role that prediction market platforms such as Polymarket and Kalshi could play in all of this.

LCKY Group has expanded its reach and pull in the Nordics, with the company finalizing the previously announced acquisition of RoyalCasino. The acquisition allows LCKY Group to considerably boost its financial outlook, as well as secure a firm position in one of Europe’s most lucrative and worthwhile markets - Denmark.