Flutter said on Saturday it is considering a stock market listing of its U.S. FanDuel business. It was making the disclosure in response to media speculation about a possible FanDuel initial public offering.

CNBC reported on Friday that Flutter was considering spinning out the business. “Options including the listing in the U.S. of a small shareholding in FanDuel are being considered but no decision has been made at this time,” Flutter said in a statement.

Flutter, which merged its U.S. business with FanDuel in 2018, bought a 37.2% stake from Fastball in the December deal.