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  "documentTitle": "DraftKings Inc. (DKNG)",
  "authorId": "54_Spruce_Point_Capital",
  "authorName": "Spruce Point Capital Management",
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  "sourceTypeLabel": "Short seller",
  "presentationDate": "2025-10-03 00:00:00",
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  "pageCount": 48,
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  "density": "sparse",
  "nDataPoints": 24,
  "notes": "The table highlights specific betting outcomes where Kalshi offers higher payouts than DraftKings.",
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      "text": "Source: See Kalshi odds screenshots in the appendix.",
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      "text": "Comparison of Kalshi vs DraftKings payouts for various sports events.",
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      "kind": "title",
      "text": "Kalshi Appears To Have Better Odds In Events That We Reviewed (Cont'd)",
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      "arcName": "Overcoming the Monster",
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      "name": "Cost Of Inaction",
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      "evidence": "Discussion of potential downside risk for DKNG investors",
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      "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point",
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      "description": "Quantify what happens if the audience does nothing"
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