{"id":58239,"date":"2025-11-13T05:31:31","date_gmt":"2025-11-13T05:31:31","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=58239"},"modified":"2025-11-13T05:31:31","modified_gmt":"2025-11-13T05:31:31","slug":"new-yorks-move-to-ban-sports-betting-in-prediction-markets-like-kalshi-sends-these-stocks-lower-what-you-should-know","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=58239","title":{"rendered":"New York’s Move To Ban Sports Betting In Prediction Markets Like Kalshi Sends These Stocks Lower: What You Should Know"},"content":{"rendered":"
\n

Shares of sports-focused firms declined in Wednesday’s after-hours session following a New York State bill seeking to ban sports-related prediction markets for residents.<\/p>\n

Sports Stocks Feel The Pinch<\/h2>\n

Genius Sports<\/strong>, which provides services for sports leagues and betting partners, fell nearly 3% after-hours. Similarly, shares of companies involved in sports betting, including DraftKings <\/strong>and Flutter Entertainment<\/strong>, also came under pressure, declining by 0.79% and 4.26%, respectively.<\/p>\n

<\/p>\n\n\n\n\n\n\n
Stock<\/strong><\/td>\nAfter-Hours Gains<\/strong> % +\/-<\/td>\nPrice (Recorded at Wednesday\u2019s Close)<\/strong><\/td>\n<\/tr>\n
Genius Sports Ltd. <\/strong>(NYSE:GENI<\/a>)<\/td>\n-2.91%<\/td>\n$10.30<\/td>\n<\/tr>\n
DraftKings Inc. <\/strong>(NASDAQ:DKNG<\/a>)<\/td>\n-0.79%<\/td>\n$31.51<\/td>\n<\/tr>\n
Flutter Entertainment PLC <\/strong>(NYSE:FLUT<\/a>)<\/td>\n-4.26%<\/td>\n$234.45<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/figure>\n

A Blow To Sports Betting?<\/h2>\n

The sell-offs could be linked to a recent New York State legislation <\/a>that aims to prohibit sports-related and event-based betting on platforms like Kalshi<\/strong>.<\/p>\n

The bill, also known as the ORACLE Act, proposes to ban several …<\/p>\n

Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Shares of sports-focused firms declined in Wednesday’s after-hours session following a New York State bill seeking to ban sports-related prediction markets for residents. Sports Stocks Feel The Pinch Genius Sports, which provides services for sports leagues and betting partners, fell nearly 3% after-hours. Similarly, shares of companies involved in sports betting, including DraftKings and Flutter […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-58239","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/58239","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=58239"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/58239\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=58239"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=58239"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=58239"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}