I saw my friend bet on Qatar vs Canada in the WC26, he made 6x
He was using this shit FLUT platform, so I dog into it.
https://preview.redd.it/jzgjslu2t19h1.png?width=493&format=png&auto=webp&s=5b56ab31c1a35c06ff21beb78122628943a43e3a
They are Draftking but for retards, easy to use and user friendly.
The problem: earnings collapse + leverage
FLUT's decline is one of the more dramatic in the large-cap gaming space over the past year. The stock peaked near $314 in August 2025 and has since lost roughly two-thirds of its value. The driver is a combination of sharply deteriorating earnings estimates, rising leverage, and a Moody's credit outlook downgrade — all compounding each other.
The were trading around 300 now its a 100 in a single year, why?
https://preview.redd.it/mvkjtgr7t19h1.png?width=1077&format=png&auto=webp&s=1b6b23227d9000f423405a6e54d6b01cab1b5b81
- shit earnings + EPS estimates cut from $6.4 to $5.3
- higher leverage
- Foodys downgrade: Ba1 (negative)
- exit india
- 5.1% short + Two Sigma holding a 2.42% short position.
- London delisting (Jun 12, 2026)
What does it mean ? nothing , WC26 will skyrocket them
The Bet: FIFA World Cup will shoot revenue tailwind for FanDuel and international brands.
Next earnings are on 7 Aug 26.
Position:
https://preview.redd.it/z67sa3r3u19h1.png?width=670&format=png&auto=webp&s=7455432e0c286ece984b2f5a2be5f57f93d08542