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.

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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. 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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"}}}