Bipartisan Prediction Market Regulation Proposal Boosts Flutter Entertainment and DraftKings Shares
Shares of Flutter Entertainment (FLUT) and DraftKings (DKNG) rose on Monday following a bipartisan proposal to regulate prediction markets, which could limit competition in the sports betting sector. Flutter Entertainment, the parent company of FanDuel, is among the companies that may benefit from the proposed regulation.
Topics: DraftKings Flutter Entertainment political legislation prediction markets sports betting