FanDuelparent companyFlutter Entertainment Plc(NYSE:FLUT) plans to switch its primary listing from London to New York.

What Happened: Dublin-based Flutter asked shareholders on Monday to vote on May 1 to approve a shift in its primary listing to the U.S.

The goal is to capitalize on its fast-growing U.S. market by attracting new retail investors.

The company, which acquired FanDuel in 2018, is the world's largest online gambling group by market cap. It already has a secondary listing on theNew York Stock Exchange(NYSE), where ordinary shares were listed in January.

FanDuel — part...