DraftKings, Flutter Rise on Bill to Ban Sports Betting on Prediction-Market Exchanges

Dow Jones

Yesterday

By Connor Hart

Shares of DraftKings and Flutter Entertainment, the parent company of FanDuel, rose after a pair of bipartisan U.S. senators said they will introduce a bill to ban sports betting on prediction-market exchanges.

DraftKing's stock climbed 6.3%, to $25.17, shortly after Monday's opening bell. Shares of Flutter were up 6.4%, to $111.51.

Sen. Adam Schiff (D., Calif.) and Sen. John Curtis (R., Utah) will introduce the legislation Monday, The Wall Street Journal reported. It seeks to prohibit entities regulated by the Commodity Futures Trading Commission, including prediction-market exchanges Kalshi and Polymarket's U.S. platform, from listing contracts related to sporting events.

The legislation is the first bipartisan Senate bill seeking to regulate prediction markets, the Journal said.

The bill also seeks to prohibit "casino-style games" from being listed on the platforms, such as slot machine games, video poker, blackjack and bingo.

While Kalshi and Polymarket offer yes-or-no wagers tied to everything from politics to the weather to pop culture, much of the trading activity is focused on professional and college sports, putting the platforms in competition with betting sites such as FanDuel and DraftKings.

Polymarket has a data partnership with Dow Jones, the publisher of The Wall Street Journal.

Write to Connor Hart at connor.hart@wsj.com

(END) Dow Jones Newswires

March 23, 2026 09:43 ET (13:43 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

LOGIN / SIGN UP

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

1
2
3
4
5
6
7
8
9
10

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www-web.itiger.com/news/2621745709"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2621745709\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2621745709?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-03-23 21:43","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2621745709","market":"fut","top_or_hot":-1,"title":"DraftKings, Flutter Rise on Bill to Ban Sports Betting on Prediction-Market Exchanges","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  By Connor Hart \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Shares of DraftKings and Flutter Entertainment, the parent company of FanDuel, rose after a pair of bipartisan U.S. senators said they will introduce a bill to ban sports betting on prediction-market exchanges. \n</p>\n<p>\n  DraftKing's stock climbed 6.3%, to $25.17, shortly after Monday's opening bell. Shares of Flutter were up 6.4%, to $111.51. \n</p>\n<p>\n  Sen. Adam Schiff (D., Calif.) and Sen. John Curtis (R., Utah) will introduce the legislation Monday, The Wall Street Journal reported. It seeks to prohibit entities regulated by the Commodity Futures Trading Commission, including prediction-market exchanges Kalshi and Polymarket's U.S. platform, from listing contracts related to sporting events. \n</p>\n<p>\n  The legislation is the first bipartisan Senate bill seeking to regulate prediction markets, the Journal said. \n</p>\n<p>\n  The bill also seeks to prohibit \"casino-style games\" from being listed on the platforms, such as slot machine games, video poker, blackjack and bingo. \n</p>\n<p>\n  While Kalshi and Polymarket offer yes-or-no wagers tied to everything from politics to the weather to pop culture, much of the trading activity is focused on professional and college sports, putting the platforms in competition with betting sites such as FanDuel and DraftKings. \n</p>\n<p>\n  Polymarket has a data partnership with Dow Jones, the publisher of The Wall Street Journal. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Write to Connor Hart at connor.hart@wsj.com \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 23, 2026 09:43 ET (13:43 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>DraftKings, Flutter Rise on Bill to Ban Sports Betting on Prediction-Market Exchanges</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDraftKings, Flutter Rise on Bill to Ban Sports Betting on Prediction-Market Exchanges\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-03-23 21:43</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  By Connor Hart \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Shares of DraftKings and Flutter Entertainment, the parent company of FanDuel, rose after a pair of bipartisan U.S. senators said they will introduce a bill to ban sports betting on prediction-market exchanges. \n</p>\n<p>\n  DraftKing's stock climbed 6.3%, to $25.17, shortly after Monday's opening bell. Shares of Flutter were up 6.4%, to $111.51. \n</p>\n<p>\n  Sen. Adam Schiff (D., Calif.) and Sen. John Curtis (R., Utah) will introduce the legislation Monday, The Wall Street Journal reported. It seeks to prohibit entities regulated by the Commodity Futures Trading Commission, including prediction-market exchanges Kalshi and Polymarket's U.S. platform, from listing contracts related to sporting events. \n</p>\n<p>\n  The legislation is the first bipartisan Senate bill seeking to regulate prediction markets, the Journal said. \n</p>\n<p>\n  The bill also seeks to prohibit \"casino-style games\" from being listed on the platforms, such as slot machine games, video poker, blackjack and bingo. \n</p>\n<p>\n  While Kalshi and Polymarket offer yes-or-no wagers tied to everything from politics to the weather to pop culture, much of the trading activity is focused on professional and college sports, putting the platforms in competition with betting sites such as FanDuel and DraftKings. \n</p>\n<p>\n  Polymarket has a data partnership with Dow Jones, the publisher of The Wall Street Journal. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Write to Connor Hart at connor.hart@wsj.com \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 23, 2026 09:43 ET (13:43 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1861558580.USD","symbol_name":"日兴方舟颠覆性创新基金B","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2621745709","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2621745709","pubTimestamp":1774273380,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Shares of DraftKings and Flutter Entertainment, the parent company of FanDuel, rose after a pair of bipartisan U.S. senators said they will introduce a bill to ban sports betting on prediction-market exchanges.DraftKing's stock climbed 6.3%, to $25.17, shortly after Monday's opening bell. Shares of Flutter were up 6.4%, to $111.51.Sen. Adam Schiff  and Sen. John Curtis  will introduce the legislation Monday, The Wall Street Journal reported. It seeks to prohibit entities regulated by the Commodity Futures Trading Commission, including prediction-market exchanges Kalshi and Polymarket's U.S. platform, from listing contracts related to sporting events.The legislation is the first bipartisan Senate bill seeking to regulate prediction markets, the Journal said.The bill also seeks to prohibit \"casino-style games\" from being listed on the platforms, such as slot machine games, video poker, blackjack and bingo.While Kalshi and Polymarket offer yes-or-no wagers tied to everything from politics","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU1861558580.USD":"日兴方舟颠覆性创新基金B","BK4150":"赌场与赌博","FLUT":"Flutter Entertainment PLC","SGXZ81514606.USD":"大华环球创新基金A Acc USD","BK4588":"碎股","BK4565":"NFT概念","LU1169589451.USD":"ALLSPRING (LUX)  U.S. SELECT EQUITY \"A\" (USD) ACC","LU1015430645.USD":"SCHRODER ISF UK EQUITY \"A\" (USDHDG) ACC","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","SGXZ99366536.SGD":"United Global Innovation A Acc SGD-H","DKNG":"DraftKings Inc.","LU0240878834.USD":"SCHRODER ISF GLOBAL SMALL COMPANIES \"A\" (USD) INC AV","DRAY":"YieldMax DKNG Option Income Strategy ETF","DKUP":"2倍做多DKNG ETF-T-REX","DKNX":"2倍做多DKNG ETF-Defiance","BK4585":"ETF&股票定投概念","SGXZ51526630.SGD":"大华环球创新基金A Acc SGD","LU0575583348.USD":"SCHRODER ISF UK EQUITY \"A\" (USD) INC AV","LU0240877869.USD":"SCHRODER ISF GLOBAL SMALL COMPANIES \"A\" ACC","LU1169590202.USD":"ALLSPRING (LUX)  U.S. SELECT EQUITY \"I\" (USD) ACC"},"translate_title":"DraftKings和Flutter因禁止体育博彩预测的法案而上涨-市场交易所","themeId":"8603dabb40994e59ac78c04c930c0d49","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"DRAY":0.6,"FLUT":0.9,"DKNX":0.6,"DKNG":0.9,"DKUP":0.6},"content_text":"By Connor Hart \n\n\n \n\n\n  Shares of DraftKings and Flutter Entertainment, the parent company of FanDuel, rose after a pair of bipartisan U.S. senators said they will introduce a bill to ban sports betting on prediction-market exchanges. \n\n\n  DraftKing's stock climbed 6.3%, to $25.17, shortly after Monday's opening bell. Shares of Flutter were up 6.4%, to $111.51. \n\n\n  Sen. Adam Schiff (D., Calif.) and Sen. John Curtis (R., Utah) will introduce the legislation Monday, The Wall Street Journal reported. It seeks to prohibit entities regulated by the Commodity Futures Trading Commission, including prediction-market exchanges Kalshi and Polymarket's U.S. platform, from listing contracts related to sporting events. \n\n\n  The legislation is the first bipartisan Senate bill seeking to regulate prediction markets, the Journal said. \n\n\n  The bill also seeks to prohibit \"casino-style games\" from being listed on the platforms, such as slot machine games, video poker, blackjack and bingo. \n\n\n  While Kalshi and Polymarket offer yes-or-no wagers tied to everything from politics to the weather to pop culture, much of the trading activity is focused on professional and college sports, putting the platforms in competition with betting sites such as FanDuel and DraftKings. \n\n\n  Polymarket has a data partnership with Dow Jones, the publisher of The Wall Street Journal. \n\n\n \n\n\n  Write to Connor Hart at connor.hart@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  March 23, 2026 09:43 ET (13:43 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"policyRegulatory","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}