DraftKings Stock Pops Amid Reports of Prediction Market Bill

DKNG is trying to rally off its post-earnings lows, but has work to doDraftKings Inc (NASDAQ:DKNG) stock is 3.8% higher to trade at $24.57 at last check, after the Wall Street Journal reported U.S. Senators were introducing a bipartisan bill that would ban sports betting from prediction markets. Companies like Kalshi and Polymarket have taken a chunk of sportsbooks' market share for betting, a headwind that contributed to DKNG's 13.5% post-earnings bear gap on Feb. 13.Sector peer Flutter Entertainment (FLUT ...