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.