Gambling stocks rally as US lawmakers target prediction markets
Invezz·2026-03-23 17:37
Gaming Author Vatsala Gaur Mar 23, 2026, 17:37 PM Shares of major gambling companies rose on Monday after US senators introduced legislation aimed at restricting sports betting through prediction markets, a move investors see as supportive of traditional sportsbooks. Flutter Entertainment, the parent of FanDuel, climbed 5%, while DraftKings gained 2.7%. Both stocks have faced steep declines this year, down roughly 50% and 32% respectively, amid concerns that emerging prediction markets could erode their dom ...