The Joe Pomp Show

Glenn Schiffman is Fanatics’ Chief Financial Officer. Over the last several years, Fanatics has expanded from selling merchandise into trading cards, collectibles, sports betting, events, and entertainment. Now, the company is partnering with American Express to bring those businesses together. Glenn joins me to discuss Fanatics’ growth and what the new credit card means for sports fans.

Join the waitlist for early access to the Fanatics American Express Card: https://www.fanaticscreditcard.com/?fcc_source=1pfans_affjoppod000020261029001

Host cities spent roughly $100 million each to put on the World Cup. Thanks to the contracts FIFA made them sign, most won't come close to recouping their costs.

Today's podcast examines FIFA's decision to implement mandatory three-minute hydration breaks at all 104 matches this World Cup.

Today's episode is a panel I hosted in New York last week with executives from Flutter and FanDuel, as well as Boardroom CEO Rich Kleiman.

Flutter is FanDuel’s parent company — traded on the NYSE under $FLUT — and this was the perfect group because Karol Corcoran built FanDuel’s U.S. customer base, Karen Lockwood runs the company’s trading business (think: pricing, odds, etc.), and Kleiman offers a U.S.-based sports business perspective.
We covered a lot of topics in 30 minutes, including how FanDuel plans to retain customers who download multiple apps, why the company launched a social media-style feed, and how the trading team prepared to evaluate teams that have never even played in a World Cup before. But what stood out to me was the pure scale of what Flutter/FanDuel is anticipating over the next few weeks.

During this year’s World Cup, 10 million customers will place bets on Flutter’s global portfolio of sportsbooks. The company will make 1.5 billion daily price changes and, at peak demand, will likely handle around 100,000 bets per minute.

Enjoy the conversation, and we’ll talk tomorrow.

Today's podcast provides an inside look at the data and storylines that explain why Ferrari launched its first-ever electric vehicle this week.