According to @StockMKTNewz, sports betting stocks have taken a hit since September mainly due to fears around prediction markets (source: @StockMKTNewz on X, Oct 4, 2025). DraftKings (DKNG) is specifically highlighted as a name to watch within this theme (source: @StockMKTNewz on X, Oct 4, 2025). Traders may monitor DKNG for sector-driven volatility tied to the prediction-market narrative cited (source: @StockMKTNewz on X, Oct 4, 2025). Given that prediction markets are the stated catalyst, crypto-focused traders may also watch for sentiment overlap into on-chain forecasting narratives (source: @StockMKTNewz on X, Oct 4, 2025).

According to @StockMKTNewz, Cathie Wood and Ark Invest bought 511,049 shares of DraftKings (DKNG) today. Source: @StockMKTNewz on X, Oct 2, 2025. The report provides a precise share count and same-day timing, giving traders a concrete institutional buy to track in DKNG order flow. Source: @StockMKTNewz on X, Oct 2, 2025. No crypto assets such as BTC or ETH were mentioned, and no direct crypto market impact was cited. Source: @StockMKTNewz on X, Oct 2, 2025.

According to @stocktalkweekly, Northland double-downgraded DraftKings (DKNG) to Underperform from Outperform with a $33 price target. Source: @stocktalkweekly citing Northland. Northland attributes the call to growing competitive headwinds from prediction markets such as Kalshi and Polymarket amid rising adoption despite regulatory pushback. Source: @stocktalkweekly citing Northland. In a review of 40 NFL and college football games, Northland found prediction markets generally offered more favorable odds versus traditional sportsbooks. Source: @stocktalkweekly citing Northland. The firm cautions these platforms, available to users 18+ nationwide, could disrupt traditional sportsbooks and pressure DraftKings’ handle and user growth as they mature. Source: @stocktalkweekly citing Northland.