DraftKings Shares Edge Higher on Regulatory Push as $370M Volume Ranks 436th in U.S. Equities

On September 19, 2025, , , ranking 436th among U.S. equities. The stock’s modest uptick coincided with renewed regulatory engagement in key markets.

A recent development highlighted DraftKings’ collaboration with state regulators to advance its iGaming expansion plans. The company confirmed ongoing negotiations to secure licensing frameworks in multiple jurisdictions, a critical step for scaling its digital sports betting platform. This aligns with broader industry trends as operators seek to capitalize on evolving legal landscapes in the U.S. online gaming sector.

Additionally, DraftKings announced a partnership with a major payment processing firm to enhance user onboarding efficiency. The integration aims to reduce friction for new customers, particularly in markets where DraftKings is preparing to launch or expand services. Analysts noted the move could accelerate user growth in high-potential regions, though implementation timelines remain unconfirmed.

To run this back-test accurately we need two extra pieces of information: Market universe and Trade-price convention. Once these are settled I can pull the daily volume data, generate the “top-500” lists, and run the 1-day-hold back-test from 2022-01-03 to today.