Flutter Entertainment plc is a global online sports betting and iGaming company that operates multiple renowned brands including FanDuel, PokerStars, Betfair, Paddy Power, Sky Betting & Gaming, and Sportsbet across approximately 100 countries. The company generates revenue through two primary segments: a U.S. division offering sportsbooks, online casinos, daily fantasy sports, and horse racing wagering; and an international division providing sports betting and iGaming services across the United Kingdom, Ireland, Europe, Australia, and other regions. The company's revenue comes from peer-to-business gaming products—where players compete against the company on sportsbooks, casinos, and lottery games and the company keeps the net win—and peer-to-peer products where the company earns commissions on poker, exchange betting, and pari-mutuel wagering.