FLUTTER ENTERTAINMENT PLC
FLUT
Communication Services
1
exclusion reason
1 theme
This page is part of our public exclusion list — a transparency tool that shows which companies we screen out and why. It is not investment advice, and it is not an accusation. But it is subject to change as our understanding of the facts evolves.
Flutter Entertainment plc is the world's largest online sports betting and iGaming operator by revenue, generating $14.048 billion annually. Its portfolio includes major gambling brands such as FanDuel in the United States, PokerStars, Betfair, Paddy Power, and Sky Bet. The company's core business model is the operation of online gambling platforms across multiple international markets.
Regulatory bodies have documented repeated compliance failures by Flutter's subsidiaries. In December 2025, the UK Gambling Commission fined Flutter-owned brands Paddy Power and Betfair £2 million ($2.7 million) for social responsibility and money laundering failures. In a separate action, the Commission fined the company £490,000 for mistakenly sending promotional push notifications to devices linked to self-excluded customers. A February 2025 UK High Court ruling found that Flutter's Sky Betting & Gaming subsidiary had engaged in years of tracking and targeted marketing that violated data protection laws.
Research Sources
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A digest of changes to our exclusion list — new additions, removals, and the evidence behind them. We review the list continuously as new evidence surfaces.
Companies appear on our exclusion list based on our investment judgment — not because they've done anything illegal. This is a difference of values and opinion, not an accusation of wrongdoing. Exclusion does not constitute a recommendation against investing in any company, and absence from the list does not constitute a recommendation to invest.
This information is provided for educational and transparency purposes only and should not be relied upon as investment advice. Data is drawn from independent watchdogs, NGOs, government registries, and Ethical Capital's ongoing research — see Research Sources for the full list.
Ethical Capital LLC is a state-registered investment adviser in Utah (CRD #316032). Registration does not imply a certain level of skill or training.