FanDuel's parent stock is under pressure. Citi doesn't see a recovery anytime soon

Citi said FanDuel is seeing weakening customer engagement on its platform, signaling softer user activity. The bank also said it is unclear whether FanDuel's prediction market can provide upside to its owner’s stock. The note is a cautious read-through for the business, but the article contains no hard financial figures or immediate catalyst.

Analysis

Citi said FanDuel is seeing weakening customer engagement on its platform, signaling softer user activity. The bank also said it is unclear whether FanDuel's prediction market can provide upside to its owner’s stock. The note is a cautious read-through for the business, but the article contains no hard financial figures or immediate catalyst.