Flutter's 0.19% Rally on 66% Volume Surge, 231st in Market Activity, as India Exit Disrupts $200M Revenue Forecast

On August 25, 2025, Flutter (FLUT) closed trading at a 0.19% gain, with a daily trading volume of $370 million—a 66.46% increase from the previous day—ranking 231st in market activity. The stock’s modest performance followed regulatory developments in India that forced the company to halt real-money gaming operations under its Junglee Games subsidiary. Flutter announced the cessation of activities in India after the country’s parliament passed the Promotion and Regulation of Online Gaming Bill on August 22, which prohibits skill-based games involving real money. The law, enacted without prior industry consultation, has nullified Flutter’s projected $200 million revenue and $50 million adjusted EBITDA from the Indian market in 2025. CEO Peter Jackson criticized the abrupt regulatory shift, warning that it could push customers to unregulated markets with minimal consumer protections.

Flutter’s decision to exit India reflects the growing challenges for global gaming firms navigating tightening regulations in emerging markets. The company emphasized its commitment to advocating for constitutional protections for skill-based games while adapting to the new legal framework. With over 1,100 employees affected, the shutdown underscores the financial and operational risks associated with rapid policy changes. Analysts noted the move could pressure Flutter’s short-term earnings, though the company’s broader portfolio remains diversified across key markets. The Indian market’s projected contribution—accounting for half of the expected revenue in the second half of 2025—has now been disrupted, adding uncertainty to quarterly forecasts.

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