The firm also said that it continues to view Flutter Entertainment as "best in class" and noted that the long-term secular growth story has not changed."If anything, it has strengthened," Benchmark stated. In September, Edwin Dorsey noted that the duopoly maintained by DraftKings (DKNG) and Flutter Entertainment is now being"disrupted by prediction markets like Kalshi, which often offer customers better odds with deeper order books." Retail sentiment on Flutter Entertainment dipped to 'bearish' territory from 'neutral' a day ago, with message volumes at 'normal' levels, according to data from Stocktwits. FLUT sentiment and message volume October 15, 2025, as of 2 pm ET | Source: Stocktwits Meanwhile, Bernstein lowered its price target on Flutter Entertainment to $330 from $340 and kept a 'Market Perform' rating.