Shares of Flutter Entertainment (FLUT) and DraftKings (DKNG) moved higher after Commodity Futures Trading Commission Chairman Michael Selig told Front Office Sports that proposals to regulate prediction markets are not far away. These could include restrictions or bans on prop bets and parlays, Selig told the site. Flutter shares are up 1% to $112.74 following the report while DraftKings is up 2% to $23.66.
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