Overview

• DraftKings has fallen about 28% over the past month and closed Tuesday at $32.95, trading near its 52-week low of $29.64.
• A new multi-year NBCUniversal advertising and integrations deal across NFL, NBA and Super Bowl programming has not reversed the stock’s slide.
• A Bear Cave report spotlights prediction markets such as Kalshi as a structural threat, citing richer payouts and distribution through platforms like Robinhood.
• Benzinga Edge data shows a bearish trend across timeframes, with shares well below the 50-day moving average of $43.98 and resistance near the 200-day at $40.26.
• Jim Cramer says he is not backing away, blessing a small position and advising investors to wait for DraftKings’ end-of-month report while warning that regulators could hit prediction platforms hard.