Entain and Flutter rally as US lawmakers target prediction market rivals

Shares in Ladbrokes owner Entain PLC (LSE:ENT) led the FTSE 100 risers on Monday, leaping 8.4%, on the back of a Wall Street Journal report that legislation is being proposed that would essentially block betting on sports events on prediction market platforms such as Polymarket and Kalshi. Predictions markets have been increasingly encroaching on the traditional sports betting market in the past couple of years.