Important investment market development: DraftKings, Flutter stocks jump on report that lawmakers plan to keep sports betting out of prediction markets. Analysis for investors across forex, equities, and alternative assets.
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- DraftKings, Flutter stocks jump on report that lawmakers plan to keep sports betting out of prediction markets Grace O’Donnell · Editor, Special Projects Mon, March 23, 2026 at 11:08 PM GMT+8 2 min re
- PVT DraftKings ( DKNG ) and FanDuel parent Flutter ( FLUT ) stocks jumped on Monday morning on the prospect of new legislation that could curb sports betting competition from prediction markets
- The gaming stocks rose more than 4% after the Wall Street Journal reported that a pair of senators plan to introduce legislation on Monday that would ban prediction market operators from listing event
- John Curtis, a Republican from Utah, are co-sponsoring the bill, which seeks to regulate prediction market entities, such as Kalshi and Polymarket
- The bill would prevent them from listing contracts for sporting events and “casino-style games” such as video poker, blackjack, and bingo
- (Disclosure: Yahoo Finance has a partnership with Polymarket
- Source: DraftKings, Flutter stocks jump on report that lawmakers plan to keep sports bet
Investment Implications
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Published by Tophedgefunds on March 24, 2026. Source: DraftKings, Flutter stocks jump on report that lawmakers pla
