Added to YB: 2025-09-22
Pitch date: 2025-09-18
DKNG [bearish]
DraftKings Inc.
+0.25%
current return
Author Info
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Company Info
DraftKings Inc. operates as a digital sports entertainment and gaming company in the United States and internationally.
Market Cap
$21.2B
Pitch Price
$43.56
Price Target
N/A
Dividend
N/A
EV/EBITDA
-1.2K
P/E
-68.77
EV/Sales
4.03
Sector
Hotels, Restaurants and Leisure
Category
N/A
Problems at DraftKings (DKNG)
DKNG: Bear case on prediction markets like Kalshi disrupting DraftKings' duopoly. Kalshi offers better odds (e.g. $170 vs $157.50 payouts), deeper liquidity, nationwide 18+ access vs DKNG's 21+ in ~half states. Kalshi hit $1B monthly volume, adding prop bets/parlays that threaten DKNG's highest-margin products.
Read full article (6 min)