Crypto Market Alert: DraftKings, Flutter stocks jump on report that lawmakers plan to keep | 2026

Breaking crypto market development: DraftKings, Flutter stocks jump on report that lawmakers plan to keep sports betting out of prediction markets. Here is our analysis of the impact on Bitcoin, Ethereum, and the broader digital asset market.

What You Need to Know

Here are the key details from this alert:

• DraftKings, Flutter stocks jump on report that lawmakers plan to keep sports betting out of prediction markets Grace O’Donnell · Editor, Special Projects Mon, March 23, 2026 at 11:08 PM GMT+8 2 min re
• PVT DraftKings ( DKNG ) and FanDuel parent Flutter ( FLUT ) stocks jumped on Monday morning on the prospect of new legislation that could curb sports betting competition from prediction markets
• The gaming stocks rose more than 4% after the Wall Street Journal reported that a pair of senators plan to introduce legislation on Monday that would ban prediction market operators from listing event
• John Curtis, a Republican from Utah, are co-sponsoring the bill, which seeks to regulate prediction market entities, such as Kalshi and Polymarket
• The bill would prevent them from listing contracts for sporting events and “casino-style games” such as video poker, blackjack, and bingo
• (Disclosure: Yahoo Finance has a partnership with Polymarket
• Source: DraftKings, Flutter stocks jump on report that lawmakers plan to keep sports bet

Crypto Market Impact

Digital asset markets are reacting to this development. Traders should monitor Bitcoin dominance, altcoin correlations, and exchange flow data for directional clues.

Exchange Safety

Always store significant holdings in cold wallets. For exchange comparisons, see Top 10 Exchanges and CapCoinMarketCap.

Frequently Asked Questions

Is this news verified?

This report is based on information from external sources identified through our news monitoring system. We recommend verifying directly with primary sources and official regulators before making any financial decisions.

Where can I report financial fraud?

Report to your national financial regulator: FCA (UK), ASIC (Australia), SEC/CFTC (USA), MAS (Singapore), OJK (Indonesia). Also report at Action Fraud (UK) or ScamWatch (Australia).

Published by Capcoinmarketcap on March 24, 2026. Source: DraftKings, Flutter stocks jump on report that lawmakers pla