Sands Capital's Flutter Conundrum: A Sign of Wider Industry Jitters? Sands Capital, the investment management company behind the Global Growth Fund, has been reevaluating its position on Flutter Entertainment.
Their second quarter 2026 investor letter highlighted a mixed assessment of Flutter's strategic fit.
While acknowledging the Irish gaming giant's impressive revenue growth and attractive valuation, Sands expressed concern about potential disruptions in prediction markets.