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 ...

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 ...

It's estimated that around 90% of Kalshi's prediction-market fees revenue has been tied to sports in recent months. ...

DraftKings Inc. (NASDAQ:DKNG) is one of the top Robinhood stocks with high potential. On March 17, Argus downgraded DraftKings Inc. (NASDAQ:DKNG) to a Hold from a Buy. The downgrade came amid concerns that the company is facing elevated customer acquisition costs amid heightened competitive pressure. DraftKings Inc. (DKNG) Investing to Revitalize Growth amid Competition and Customer Acquisition Concerns Courtesy of Draftkings The research firm has also warned that the company appears to be losing market ...

DraftKings, FanDuel Parent Rally On Legislation That Targets Prediction Markets | Investor's Business Daily BREAKING: Futures Rise, Oil Prices Fall On Iran Deal Hopes A bipartisan bill in the U.S. Senate would ban sports betting on prediction markets, a move that would benefit betting platforms such as DraftKings (DKNG), FanDuel parent Flutter Entertainment (FLUT) as well as Rush Street Interactive (RSI). The bill targets prediction-market exchanges such as privately held Kalshi and Polymarket, which offer ...

DraftKings and Flutter Stocks Rally on New Bill to Ban Sports Betting Through Prediction Markets - Barron'sSkip to Main ContentThis copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.DraftKings and Flutter Rally on Bill to Ban Sports Betting Through Prediction MarketsBy Nick Devo ...