FanDuel News & Analysis
2 articles
Market Mood
2026 World Cup Betting Expected to Exceed $50 Billion Market
The 2026 FIFA World Cup is forecasted to generate global wagers exceeding $50 billion, up from over $35 billion in 2022. This event marks the first comprehensive test of the U.S. sports-wagering market, with 48 teams competing in 104 matches. Analysts predict a potential 2% to 5% boost in 2027 operator EBITDA, benefiting companies with extensive soccer audiences, including Flutter Entertainment (PDYPY), FanDuel's parent. Deutsche Bank estimates the U.S. betting handle will reach around $3.3 billion, with FanDuel leading at $1.3 billion and DraftKings at $1.1 billion.
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AWS (AMZN) Outage Affects FanDuel and Coinbase Trading Services
Amazon Web Services (AMZN) experienced an operational outage attributed to overheating at a data center in the US-East-1 region, affecting trading on platforms like FanDuel and Coinbase. The incident was first reported on Thursday, and AWS stated that full recovery was expected to take several hours. FanDuel acknowledged issues that hindered user access, while Coinbase confirmed that multiple AWS zones caused core trading service outages. AWS contributes to approximately one-third of the market for cloud infrastructure technology, highlighting its significant role in the tech ecosystem.
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