By skyforbes 
Polymarket, Robinhood, and Kalshi are names that seem to come up daily if you’re a DraftKings shareholder.
But DraftKings offers a far superior user interface compared to any gambling or prediction market platform. It’s not even close. You can parlay and live bet on a wide variety of events as you watch the games. And I think people seriously underestimate how much Americans love betting on sports.
DraftKings is currently trading at a price to sales ratio of around 2, which is incredibly cheap. The company grew revenue by nearly 40% year over year and is now the most profitable it has ever been.
Today, they announced a multi-year deal with ESPN, giving them trust and visibility on the world’s #1 sports platform.
I believe DraftKings could perform similarly to how Robinhood did when it ran from $20 to $100.
It’s also likely that DraftKings will announce a share buyback after earnings today.
This is the time to get excited about the stock.
Prediction markets are federally regulated under the CFTC, meaning states don’t collect any of the revenue. That makes them unattractive for states to broadly encourage or legalize.
In contrast, states prefer to license and regulate gambling directly since it creates jobs, tax revenue, and oversight.
From a consumer protection standpoint, politicians can also justify high taxes on DKNG as “responsible gaming” revenue.
Ultimately, DraftKings’ brand awareness and ease of use will continue to attract more users and turn them into long-term customers. Prediction markets, by comparison, are a far inferior product.
Long DraftKings 21,685 shares at $28.49.
I did not break any rules knowingly please do not delete my post mods!