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-0.00184580434473959 -0.00170381939514418 -0.00113587959676272 -0.000993894647167505 0.00241374414312085 -0.00340763879028836 0.00295328695158311 0.0028396989919069
Stock impact report

Battle for sports betting market heats up as Polymarket announces return to the U.S. [Fortune]

DraftKings Inc. - Class A (DKNG) 
Company Research Source: Fortune
its app, saying the company will start by offering sports betting, with “markets on everything” to follow. Polymarket's impending return to the U.S. comes at a time when prediction market services, including Kalshi and Robinhood, are challenging the likes of DraftKings and FanDuel for a share of the lucrative sports betting market, while also offering bets on a wide variety of other fields. Polymarket had been banned from operating in the U.S. following backlash from regulators in early 2022, when the Commodity Futures Trading Commission found it was offering betting contracts without the agency's approval. The FBI later raided the company founder Shane Copeland's home. But earlier this year, U.S. prosecutors and the CTFC dropped their investigations and the company received regulatory approval Prediction markets—platforms where people can bet on future events ranging from the size ofFederal Reserve cut to the number of Elon Musk tweets in a given week—have broken into the mains Show less Read more
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