FanDuel CEO Amy Howe has been “ousted” from the position after five years leading the largest sportsbook in the U.S., according to a report.
CNBC reported Wednesday, hours before FanDuel parent company Flutter’s first-quarter results, that Howe was out.
The report added that FanDuel President Christian Genetski would take over as CEO. It did not provide a reason for the change of leadership.
A Flutter spokesperson declined to comment when asked by InGame about Howe’s departure.
Howe led FanDuel as it held its market leader position, produced its first profitable quarter, and hit a valuation of $31 billion, more than half of Flutter’s total value.
However, Flutter shares have slid in the past nine months, believed to be largely due to the rise of prediction markets offering event contracts on sports. Shares in Flutter are down almost 70% since their peak in August. Events outside the U.S., like tax hikes in the U.K., have also contributed to the share price fall.
FanDuel prediction market launch
FanDuel has made efforts to get into prediction markets itself, through a joint venture with commodities giant CME. However, CME data suggests that the business has gained little foothold since its December launch.
Last month, Flutter applied for a new registration as a futures commission merchant without CME involvement. That registration has not yet been approved and it is not clear how it may be used.
In its 2025 results, Flutter CEO Peter Jackson said FanDuel had seen some slowdown in handle, but argued that the slowdown was not caused by prediction markets, but instead was due to NFL bettors getting dejected after losing too much.
Flutter shares fell further on the news of Howe’s departure, down 5% from the time of the initial report to $98.94 as of 3 p.m. ET Wednesday, about 50 minutes after the news broke. That values the business — which also includes PokerStars and a number of leading betting brands in Europe and Australia — at $17.37 billion.
