Kalshi just raised at an 83.5x fee multiple. If you apply even a fraction of that to Polymarket’s projected fees, the platform’s reported $20 billion valuation target starts to look like a discount.A new valuation report from Messari researcher 0xWeiler builds the case from the ground up. Kalshi raised $1 billion at a $22 billion valuation on March 19, led by Coatue Management. With $263.5 million in 2025 fees, that establishes the 83.5x benchmark.0xWeiler’s base case for Polymarket uses a 30x multiple on 2 ...

DraftKings shares are under pressure. Why is DKNG stock retreating?The stock is continuing a multi‑week slide. Shares remain firmly in a downtrend, sitting well below key moving averages and extending a broader decline of 44% over the past 12 months, leaving the stock much closer to its 52‑week low than its high.What the Chart Is SignalingThe technical setup remains decisively bearish. DKNG is trading 14.3% below its 20‑day SMA and 28.8% below its 100‑day SMA, keeping both the short‑ and intermediate‑term t ...

DraftKings Inc. (NASDAQ:DKNG) is one of the 15 large cap stocks under $30 with huge upside potential. On March 6, at the MIT Sloan Sports Analytics Conference, information on account linkage between DraftKings Inc.’s (NASDAQ:DKNG) top-rated Sportsbook and The Walt Disney Company (NYSE:DIS) was disclosed. According to the companies, connecting accounts will give clients access to exclusive features, such as the new Bet Your Bracket offering, as well as a more personalised and effective experience. magici ...

U.S. stocks closed higher on Wednesday, with the Dow Jones Industrial Average up 0.66% at 46,429.49, the S&P 500 gaining 0.5% to 6,591.90 and the Nasdaq advancing 0.77% to 21,929.82.These are the top stocks that gained the attention of retail traders and investors through the day:Urban-gro’s stock skyrocketed by 416.95%, closing at $36.29. The stock reached an intraday high of $36.30 and a low of $7.40, setting a new 52-week high at $36.30. In the after-hours trading, the stock fell 19.65% to $29.16. The su ...

DraftKings Inc (NASDAQ:DKNG) shares are trading lower Wednesday. The decline follows a broader trend of investor concern. Markets are weighing competitive threats from prediction platforms and long-term profitability hurdles.Competition From Prediction MarketsPlatforms like Kalshi and Polymarket are diverting significant volume from traditional sportsbooks. Combined volume on these exchanges topped $17 billion in January. Regulatory Heat IntensifiesU.S. Rep. Alexandria Ocasio-Cortez and Martin Shkreli recen ...

Sen. Adam Schiff (D-CA) and Sen. John Curtis (R-UT) appeared on CNBC to push their Prediction Markets Are Gambling Act, introduced March 23, and they came armed with sound bites.“If it acts like gambling, if it looks like gambling; it is gambling,” Curtis said. “That’s been very clear where that belongs.”The bill would bar any CFTC-registered platform from listing contracts tied to sporting events or athletic competitions. That puts Kalshi and Polymarket squarely in the crosshairs, but the collateral damage ...

Senate Betting Bill Hits DraftKings Hard: DKNG Falls 6% While Penn Entertainment Holds Its Ground - 24/7 Wall St. S&P 5006,617.90 +0.12% Dow Jones46,566.40 +0.18% Nasdaq 10024,266.40 +0.12% Russell 20002,538.97 +0.07% FTSE 10010,135.80 +1.19% Nikkei 22554,005.50 +1.18% Stock Market Live March 25, 2026: S&P 500 (SPY) Roller Coaster Ride Continues Investing Senate Betting Bill Hits DraftKings Hard: DKNG Falls 6% While Penn Entertainment Holds Its Ground By David MoadelPublished Mar 25, 1:25PM EDT Quick Read D ...

Digital betting heavyweight DraftKings (DKNG) gained momentum on Monday, March 23, with shares rising 1.2% after reports of a bipartisan U.S. bill targeting prediction markets. The proposal aims to restrict contracts that mimic sports betting, tightening the blurred line between event trading and regulated gambling markets across jurisdictions. The legislation, led by Nevada Representative Dina Titus, focuses on platforms like Kalshi and Polymarket. These firms list detailed contracts tied to sports outc ...

The new Senate bill aims to level that field by banning sports-related contracts on these platforms. This legislative action creates what is known in business as a regulatory moat, a powerful competitive barrier built by government rules that favors established, compliant companies.The primary threat posed by these platforms was their unique operating structure. By obtaining regulatory approval from the Commodity Futures Trading Commission (CFTC), they were able to offer services nationwide. This allowed th ...

DraftKings (DKNG) stock inched higher on Monday after U.S. senators introduced a bipartisan bill to ban sports-related contracts on prediction markets like Kalshi and Polymarket. DKNG is now hovering just below its 20-day moving average (MA). A decisive break above the $24.62 level may accelerate bullish momentum in the weeks ahead. Despite today’s surge, DraftKings stock remains down about 30% versus its year-to-date high. More News from Barchart www.barchart.com Significant of the Introduced Bill fo ...