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Bookmaker Paddy Power Betfair declined percent, the biggest faller on the FTSE , after Investec downgraded the stock to “sell”. Paddy Power Betfair is one of the world's leading sports betting and gaming operators, formed from the Merger of Paddy Power plc and. The report focuses on the eSports and Traditional Sports Betting market size, segment size (mainly covering product type, application, and. Paddy Power is an international sports betting and gaming operator, part of Flutter Entertainment PLC, with a market-leading presence in the UK, Ireland. In addition, Wagerr aims to provide. Betfair and Irish rival Paddy Power have agreed in principle on a 5 billion pound ($ billion) merger to stake a claim.