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Campaigns / Spruce Point Capital → DraftKings Inc.
Spruce Point Capital vs. DraftKings Inc.

DraftKings Inc. · DKNG

1 deck published between 2025-10-03 and 2025-10-03 — 48 pages, 47 analysed slides total.

initial thesis

Timeline

Each deck in chronological order — click to open. This is the story of the campaign as it unfolded.

  1. 2025-10-03 initial thesis

    2025 10 68dfc60fbafe67c5e00ace41_dkng_research_thesis_10 3 2025

    48pp · full_deck

    Federally-regulated prediction exchange Kalshi is disrupting DKNG's sportsbook with ~1.5% fees versus 8-10% vig, threatening consensus revenue and forcing a multiple rerating for 35-60% downside.