The prediction was explicitly about severe long‑term business deterioration and DraftKings/FanDuel being effectively 'toast', driven by the rise of platforms like Polymarket.

As of late November 2025 (about five weeks after the October 24, 2025 podcast), both DraftKings and Flutter (FanDuel’s parent) remain large, actively traded companies: DraftKings is around $33 per share and Flutter around $209 per share, implying substantial market value and far from a collapse. Their stocks have sold off and faced downgrades in 2025, with analysts citing margin pressure, higher taxes, and emerging competition from prediction markets, but this is framed as earnings headwinds and reduced price targets, not business failure. (investors.com) Industry coverage still describes DraftKings and FanDuel as the two dominant U.S. sportsbook operators with roughly 70% market share, even as prediction markets like Kalshi and Polymarket gain traction. (ainvest.com)

Polymarket and other prediction platforms have clearly spooked investors—e.g., DKNG and FLUT dropped sharply after news of a $2 billion ICE investment in Polymarket, and reports explicitly link some of the share-price pressure to prediction‑market competition. (sccgmanagement.com) However, the incumbents are also actively adapting by entering prediction markets themselves (e.g., DraftKings’ Railbird acquisition and planned ‘DraftKings Predictions’, FanDuel’s planned ‘FanDuel Predicts’ app with CME), which cuts against the idea that their competitive position is already largely eroding and irrecoverable. (insidebitcoins.com)

Given the very short time elapsed and the fact that both firms are still leading players with significant revenue, market share, and strategic options, it is too early to say that they have suffered the kind of long‑term, existential deterioration implied by the prediction. The available evidence supports increased risk and pressure, not that they are definitively 'toast', so the outcome is best classified as inconclusive at this point.