The global illegal and unregulated betting market reaches an estimated 5,9 trillion
$ in total wagering value annually.
This massive shadow economy accounts for roughly 78% of all online gambling activity, making it larger than the gross domestic product of every country on Earth except the United States and China.
That's why regulation is actually a huge tailwind for companies like $FLTR (+1.22%) and not a headwind like the market thinks.
More regulation = more revenue and profit for the regulated betting companies.
The recent events that happened in Turkey clearly shows that.
Flutter revenue increased 30% in the region after the ban of illegal websites.
This regulatory trend will only improve over the years because every state around the world needs to tax these money and Flutter is the best positioned company in this global huge trend.
Source: Forbes
