DraftKings Drops to 373rd in Market Volume Amid Regulatory Uncertainties and Partnership-Driven Sector Shifts

On September 25, 2025, DraftKings (DKNG) reported a trading volume of $0.30 billion, reflecting a 29.56% decline compared to the previous day's activity. The stock closed with a 0.07% decline, placing it at position 373 in overall market trading volume rankings.

Recent developments highlight shifting investor sentiment toward the iGaming sector. A strategic partnership with a major European sportsbook operator has sparked discussions about potential revenue diversification. However, regulatory uncertainties in key markets remain a constraint, with pending legislation in two U.S. states likely to delay expansion plans. Analysts note that the muted volume decline suggests reduced short-term speculative interest, though the stock's performance remains closely tied to macroeconomic signals in the entertainment technology space.

To run this strategy rigorously I need to pin down a few practical details: Universe – should we use all U.S.-listed common stocks (NYSE + NASDAQ + AMEX) as the candidate pool each day? Weighting – equal-weight each of the 500 names, or weight by something else (e.g., proportional to volume)? Trade prices – Enter at that day’s close and exit at the next day’s close (standard “hold 1 day” test), or Enter at next day’s open and exit at next day’s close? Transaction costs/slippage – include them, or ignore for this first pass? If the above defaults (U.S. universe, equal-weight, buy close / sell next close, no costs) are acceptable I can start building the data-pull plan right away. Let me know if you’d like any adjustments before we proceed.