FanDuel owner Flutter Entertainment will cease trading on the London Stock Exchange (LSE) on July 31, 2026, as the company seeks to focus on North American investment.
Announced in a statement on Friday, June 12, the move will see Flutter shares traded only on the New York Stock Exchange (NYSE) - marking a noteworthy blow against the UK's diminishing market influence.
The group plans to begin trading exclusively on the NYSE on August 3, 2026.
UK retreat months in the making
Word of Flutter's LSE exodus emerged in the wake of its Q1 financial report, when the brand first detailed plans to review stock listing opportunities. Moreover, in 2024, Flutter took the decision to maneuver its HQ to the US - this period also saw the outfit commence trading on the NYSE.
At that time, CEO Peter Jackson described Flutter's LSE listing as "secondary" to its NYSE ticker. Now, just two years on, that main US tendril represents shareholders' sole avenue for trading.
Central to Flutter's listing switch is the rise of US sports betting platform FanDuel, which has become a crucial pillar within the Flutter umbrella. In 2025, the operator reported $7B in revenue, generating 42% of Flutter's global footprint.
However, momentum in 2026 has been somewhat stifled by leadership change - former FanDuel CEO Amy Howe stepped down from her duties earlier this year - and limited consumer expansion.
Flutter's US strategy will hone in on FanDuel's existing market strength and foray into prediction markets, where rival DraftKings stands as a core competitor.
LSE review showcased low engagement
Flutter cited several factors driving its decision to pull away from the LSE, including:
- Engagement: The brand concluded that the "level of trading activity" associated with its LSE listing was not sufficient.
- Costs: Flutter determined that the overarching maintenance costs for an LSE listing – which are calculated by market capitalization – did not appropriately benefit the company.
- Regulatory needs: According to Flutter, administrative and regulatory compliance tied to its LSE listing did not align with the firm's priority objectives.
As such, Flutter states that it is "in the best interest of the company and its shareholders" to withdraw from UK trading.
Delisting process already underway
In addition to confirmation of its intent to walk away from the LSE, Flutter revealed that a delisting request has been submitted to the UK Financial Conduct Authority (FCA) to remove shares from the body's Official List. Flutter has also asked the LSE to cease all trading for its associated ordinary shares and securities.
The company's LSE share price has lost around 50% of its value since the turn of the year, dropping from 16,120p in January to 8,316p during Friday's open.
Barring any issues, Flutter's LSE trading activity is forecast to halt on July 31, followed by its exclusive entry to the NYSE at 8:00am London time on August 3.
