Flutter Entertainment to Delist from London Stock Exchange in August
Flutter Entertainment, owner of FanDuel, Paddy Power, and Betfair, announced it will cancel its London Stock Exchange listing on August 3, 2026, consolidating all trading in New York. The company, which moved its primary listing from London to New York in 2024, cited low trading volumes and the high cost of maintaining a dual listing. The move is the latest in a series of high-profile departures from the London market, adding to concerns about the UK bourse's declining competitiveness.
Flutter Entertainment, the world's largest online betting company valued at approximately £15 billion, announced on Friday that it will delist from the London Stock Exchange on August 3, 2026, leaving New York as its sole listing venue. The company said the decision was driven by low levels of trading activity in its London-listed shares and the additional costs, regulatory, and administrative obligations of maintaining a dual listing. Flutter had already shifted its primary listing to New York in 2024, following rapid growth in its US FanDuel operation and the loosening of online betting restrictions across several US states. The delisting is the latest in a string of notable exits from London's stock market; building materials group CRH, fintech firm Wise, and several others have recently moved primary listings to New York or agreed to private takeover deals. Flutter's London shares have lost roughly half their value year-to-date, amid growing investor concern that the rise of US prediction market platforms such as Kalshi could disrupt traditional sports betting operators. The company, which employs around 28,500 people globally and is operationally headquartered in New York, reported 2025 revenues of $16.4 billion, up 17% year-on-year but below its own forecast of $16.7 billion.
What's missing
The articles do not detail what options, if any, remain for existing London-based retail shareholders to transition their holdings, nor whether Flutter considered alternative venues such as a secondary listing in Dublin, where the company has historical roots.
How coverage differed
Bloomberg framed the story primarily through Flutter's corporate rationale and its US-centric identity as FanDuel's owner, while The Guardian placed greater emphasis on the broader damage to the UK stock market, listing multiple other recent London departures and noting Flutter's share price decline and the threat from prediction markets.
What different sources said
Paddy Power owner Flutter to scrap listing on London Stock Exchange
- BloombergCenter
FanDuel Owner Flutter to Delist From London After Shift to US
- Yahoo FinanceCenter
Flutter to quit LSE and trade solely in New York
- Yahoo FinanceCenter
Flutter Entertainment to Delist From London, Trade Solely in New York
- Financial TimesCenter
Flutter to quit London in latest blow to UK market
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