Business News

11 April 2026

Underdog announces layoffs

Layoffs at Underdog as focus shifts to prediction markets

Sports betting company Underdog has announced a major layoff, with 125 employees released from the company payroll, amounting to more than 20% of its total workforce. Initial reports on Monday had suggested around 30 people were let go, but staff from the company revealed the number was much higher than initially announced.

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Flutter stocks slide on q4 announcement

Shares in Flutter take a hit after fourth quarter numbers 

Flutter Entertainment, the parent company of companies like Betfair, FanDuel, and Paddy Power, has reported $4.74 billion in quarterly revenue, falling short of the $4.93 billion analysts expected. Adjusted earnings also came in below forecasts, but the company has moved swiftly to reassure investors on the long term threat of prediction markets.

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