Proposed Law Targets Prediction Markets. Could It End Sports Betting Stocks' Slump?

DraftKings, FanDuel Parent Rally On Legislation That Targets Prediction Markets | Investor's Business Daily BREAKING: Futures Rise, Oil Prices Fall On Iran Deal Hopes A bipartisan bill in the U.S. Senate would ban sports betting on prediction markets, a move that would benefit betting platforms such as DraftKings (DKNG), FanDuel parent Flutter Entertainment (FLUT) as well as Rush Street Interactive (RSI). The bill targets prediction-market exchanges such as privately held Kalshi and Polymarket, which offer ...