FanDuel Owner Flutter (FLUT) Is In A Competitive Market, Says Jim Cramer

We recently published 8 Stocks Jim Cramer Discussed & Mentioned An Important Quantum Computing Development. Flutter Entertainment plc (NYSE:FLUT) is one of the stocks Jim Cramer discussed.

Flutter Entertainment plc (NYSE:FLUT) is one of the largest sports betting companies in the US. Cramer discussed the firm after Polymarket rang the NYSE’s opening bell. The event saw the online prediction market team up with mixed martial arts (MMA) organization UFC and entertainment firm TKO. In his previous comments about Flutter Entertainment plc (NYSE:FLUT), Cramer called the sports betting market one of the fastest-growing markets in America and maintained that he was bullish despite the firm’s tepid response to a new law. In this appearance, he commented that Flutter Entertainment plc (NYSE:FLUT) was operating in a competitive market:

“We had Flutter on last night, and don’t forget, that’s FanDuel. It’s a crowded market but it’s going to be jump ball I think. David, I think what matters is, who’s the most exciting? When you go Polymarket, it’s kind of like, when I look at daily fantasy, I go back and forth. I see who’s got, what does FanDuel have, what does Draftkings have? It’s a competitive market.”

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Disclosure: None. This article is originally published at Insider Monkey.