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Added to YB: 2026-02-09

Pitch date: 2026-02-05

DKNG [neutral]

DraftKings Inc.

-13.5%

current return

Author Info

The Bear Cave provides analysis, commentary, and curated linksĀ on the short world. Sign up for the newsletter.

Company Info

DraftKings Inc. operates as a digital sports entertainment and gaming company in the United States and internationally.

Market Cap

$11.4B

Pitch Price

$26.00

Price Target

N/A

Dividend

N/A

EV/EBITDA

41.00

P/E

-2.9K

EV/Sales

2.02

Sector

Hotels, Restaurants and Leisure

Category

N/A

Show full summary:
Even More Problems at DraftKings (DKNG)

DKNG (update - short): Down 36% as prediction market Kalshi disrupts with superior depth (accepts $5M+ bets), breadth (more bet types), & distribution via Robinhood/Coinbase. 10% of DKNG users now use Kalshi, growing monthly. DK's prediction app launch failed with poor reviews, high fees, limited functionality.

Read full article (5 min)