Amazon launches Kindle sale for J.R.R Tolkien's works, including The Hobbit and The Lord of the Rings
ByAinvest
Wednesday, Mar 25, 2026 10:18 am ET1min read
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A new bipartisan Senate bill, the Prediction Markets Are Gambling Act, has sent shares of DraftKings and Flutter Entertainment surging. The bill targets prediction markets like Kalshi and Polymarket, which have encroached on traditional sportsbooks' core territory by operating nationwide under CFTC approval. By banning sports-related contracts on these platforms, the bill creates a regulatory moat that solidifies DraftKings and Flutter's market share and validates their state-licensed business models. Investors are rushing into DraftKings as the stock price tests its descending 40-day moving average, and call options see a surge in volume.

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