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Barchart
Wajeeh Khan

DraftKings Stock Is Challenging Its 20-Day Moving Average as Lawmakers Push to Limit Prediction Markets. Should You Chase the Rally Here?

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. 

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