New York Bill to Ban Sports Betting on Prediction Markets Sends Stocks Lower
ByAinvest
Thursday, Nov 13, 2025 12:15 am ET1min read
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New York State has proposed a bill to ban sports-related prediction markets for residents, affecting companies like Genius Sports, DraftKings, and Flutter Entertainment. The bill, called the ORACLE Act, aims to regulate emerging platforms that blend financial trading with gambling mechanics. Shares of these companies declined after-hours as the bill could potentially limit their business in New York.
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