DraftKings, Flutter shares surge on bill

Shares of DraftKings and Flutter experienced a significant surge, climbing 7%, following the introduction of a bill targeting prediction market sports bets. This legislative development appears to have been interpreted positively by investors, suggesting potential regulatory clarity or new market opportunities. The market's reaction indicates that the bill may create a more favorable environment for these betting companies, potentially boosting their revenue streams or market share. Investors are closely watching the bill's progress and its implications for the online gaming industry.