Draftkings Inc ($DKNG) Stock Forecast: Down 5.8% Today

What is Draftkings Inc?

DraftKings (DKNG) is a popular sports betting and daily fantasy sports company listed on NASDAQ. Today, the stock experienced a significant bearish movement amidst various market developments:

Why is Draftkings Inc going down?

DKNG stock is down 5.8% on Oct 28, 2025 18:41

• Financial giants made bearish moves on DraftKings, with a notable percentage of traders showing bearish tendencies in options trading.
• Despite overall market gains, DraftKings stock dropped by -4.9% in the recent trading session.
• Smart money investors took a bearish stance on DraftKings options, indicating a lack of confidence in the stock.
• The news of DraftKings' CFTC-backed push into prediction markets poses a challenge to Robinhood's event-contracts business, potentially impacting investor sentiment.
• The bearish movement in DraftKings stock today could be attributed to the combination of institutional bearish bets, overall market conditions, and potential competition concerns in the prediction markets sector.

DKNG Price Chart

DKNG Technical Analysis

DKNG News

DraftKings's Options Frenzy: What You Need to Know - DraftKings ( NASDAQ:DKNG )

Financial giants have made a conspicuous bearish move on DraftKings. Our analysis of options history for DraftKings ( NASDAQ:DKNG ) revealed 18 unusual trades. Delving into the details, we found 38% of traders were bullish, while 50% showed bearish tendencies.

https://www.benzinga.com/insights/options/25/10/48468086/draftkingss-options-frenzy-what-you-need-to-know

DraftKings ( DKNG ) Stock Drops Despite Market Gains: Important Facts to Note

DraftKings (DKNG) concluded the recent trading session at $33, signifying a -4.9% move from its prior day's close.

https://www.zacks.com/stock/news/2776821/draftkings-dkng-stock-drops-despite-market-gains-important-facts-to-note

Smart Money Is Betting Big In DKNG Options - DraftKings ( NASDAQ:DKNG )

Investors with a lot of money to spend have taken a bearish stance on DraftKings ( NASDAQ:DKNG ) . We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga. Whether these are institutions or just wealthy individuals, we don't know.

https://www.benzinga.com/insights/options/25/10/48417225/smart-money-is-betting-big-in-dkng-options

Polymarket: Token will come, but US launch comes first

Polymarket's Matthew Modabber confirmed the platform will eventually launch a token, but said entering the US market takes priority.

https://cointelegraph.com/news/polymarket-token-us-launch-cmo-app

How Will HOOD's Event Contracts Business Fare Amid Rising Competition?

Robinhood's booming event-contracts business faces a serious challenge from DraftKings' CFTC-backed push into prediction markets.

https://www.zacks.com/stock/news/2774985/how-will-hoods-event-contracts-business-fare-amid-rising-competition

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Draftkings Inc Price History

08.07.2025 - DKNG Stock was down 6.1%

• DraftKings stock experienced a bearish movement today.
• Cathie Wood's Ark Invest made significant trades involving DraftKings shares, possibly contributing to the downward pressure on the stock.
• Despite reporting revenue growth and setting company records in the second quarter, DraftKings missed earnings estimates, leading to investor disappointment.
• Lowered guidance for the full year after Q1 results and strategic adjustments in response to recent market developments may have also impacted investor sentiment, resulting in the bearish movement of the stock.

24.09.2025 - DKNG Stock was down 5.3%

• The decline in DraftKings' stock today could be linked to increased competition and challenges facing its event-contracts segment, notably from companies like Robinhood.
• Investors might have been worried about potential market disruptions or shifts in the industry following the announcement of Polymarket's token launch and partnership with DraftKings for trade clearing in prediction markets.
• Profit-taking ahead of DraftKings' third-quarter 2025 financial results could have driven some uncertainty among investors, prompting a bearish trend.
• Despite expansions and acquisitions announced by DraftKings, the stock's bearish movement may reflect concerns over market competition and future uncertainties, influencing overall market sentiment.

30.08.2025 - DKNG Stock was down 5.1%

• DKNG stock closed at $42.32 with a -1.4% change despite market improvements.
• The decline in DKNG stock could be due to profit-taking following a bullish period.
• Rising competition in online gambling, with companies like Roblox (RBLX) using innovative technologies, could be a concern for investors.
• The market's reassessment of DKNG's position in the industry may have led to a temporary stock price downturn amid overall positive market sentiment.

30.08.2025 - DKNG Stock was down 11.2%

• Despite securing a significant advertising partnership with NBCUniversal, DraftKings' stock value dropped notably.
• The positive market conditions did not translate into a better performance for DraftKings, as the stock closed lower than the prior trading day.
• Investors might have had a negative response to the partnership news, potentially due to uncertainties surrounding the financial terms or the potential impact on DraftKings' financial standing.
• The decline in stock value could also be linked to general market conditions or investors booking profits after previous stock price increases.

09.09.2025 - DKNG Stock was up 5.7%

• Despite concerns about growing competitive threats, DraftKings saw a bullish movement, suggesting that investors may be focusing more on the company's potential growth opportunities.
• The increase in short interest as a percent of float could suggest some investors are betting against DraftKings, but the overall market sentiment seems positive, leading to the bullish movement.
• The negative impact of competitive pressures on the stock price seems to have been overshadowed by a major media partnership, possibly boosting investor confidence in DraftKings' future prospects.
• Overall, while there are concerns about DraftKings facing challenges, today's bullish movement indicates that investors are still optimistic about the company's potential for growth in the sports betting industry.

07.09.2025 - DKNG Stock was down 5.1%

• The increase in short interest could have contributed to the bearish movement as more investors are betting against the stock.
• Despite the positive news of a major advertising partnership with NBCUniversal, the growing competitive threat from prediction markets may have dampened investor sentiment.
• The stock's rise higher than the market in the previous trading session was not sustained, indicating potential volatility and uncertainty surrounding DraftKings' future performance.

28.09.2025 - DKNG Stock was down 5.8%

• Financial giants made bearish moves on DraftKings, with a notable percentage of traders showing bearish tendencies in options trading.
• Despite overall market gains, DraftKings stock dropped by -4.9% in the recent trading session.
• Smart money investors took a bearish stance on DraftKings options, indicating a lack of confidence in the stock.
• The news of DraftKings' CFTC-backed push into prediction markets poses a challenge to Robinhood's event-contracts business, potentially impacting investor sentiment.
• The bearish movement in DraftKings stock today could be attributed to the combination of institutional bearish bets, overall market conditions, and potential competition concerns in the prediction markets sector.

31.06.2025 - DKNG Stock was up 5.5%

• The bullish movement in DKNG today can be attributed to the launch of the Defiance Daily Target 2X Long DKNG ETF DKNX, providing investors with amplified exposure to DraftKings' performance.
• Despite the overall market gains, DraftKings' stock dipped slightly by -1.74% from the previous day's close. This dip could be due to profit-taking by some investors after a period of strong performance.
• The launch of the leveraged ETF may have sparked renewed interest in DraftKings, leading to increased buying pressure and ultimately driving the bullish movement in the stock.

28.09.2025 - DKNG Stock was down 5.1%

• The bearish movement in DKNG stock could be attributed to the significant drop in its price, closing at $33, down by -4.9% from the previous day, possibly reflecting a lack of investor confidence.
• Smart Money taking a bearish stance on DKNG options might have influenced market sentiment, leading to increased selling pressure on the stock.
• The upcoming release of DraftKings' third-quarter 2025 results could also be causing uncertainty among investors, prompting some to offload their positions in anticipation of potentially disappointing financial performance.
• Additionally, the competition from Robinhood's event-contracts business and DraftKings' CFTC-backed push into prediction markets could be seen as a threat to DraftKings' growth prospects, further impacting its stock price negatively.

15.09.2025 - DKNG Stock was up 6.1%

• A substantial $8 million stock purchase by an influential investor in DraftKings may have contributed to increased investor confidence, propelling the stock price upwards.
• The recent significant drop in DraftKings' stock price might have been a brief setback influenced by general market volatility rather than inherent issues within the company.
• The positive movement in the stock today could be linked to optimistic investor sentiment influenced by the notable investor's show of support for DraftKings and the promising growth prospects in the sports betting industry.

07.07.2025 - DKNG Stock was down 1.7%

• Despite strong revenue growth and setting company records for revenue, net income, and adjusted EBITDA, DraftKings' stock experienced a bearish movement today.
• The Q2 earnings missing estimates by -7.32% might have contributed to the bearish sentiment among investors.
• The lowered guidance for the full year after Q1 results could have impacted investor confidence, leading to the bearish market movement.
• The bullish stance taken by investors in the options market might indicate a positive long-term outlook, suggesting that the bearish movement today could be a short-term correction rather than a long-term trend.

24.09.2025 - DKNG Stock was down 5.1%

• The bearish movement in DKNG stock today could be attributed to rising competition in the event-contracts business, particularly from a competitor, as mentioned by financial analysis.
• The upcoming release of third-quarter results and the announcement of a new prediction market platform may have created uncertainty among investors, leading to a sell-off.
• The partnership with Polymarket and acquisition of Railbird could be seen as positive developments, but investors might be cautious about the company's expansion into new markets.
• Overall, the market movement today might reflect a mix of optimism about DraftKings' growth prospects in prediction markets and concerns about increased competition and the upcoming earnings release.