DraftKings is down 40% from its 2025 highs. Revenue is up 17 percent. Sportsbook margins are expanding. Prediction markets are running at $3.1 billion annualized volume. And the World Cup is coming, expanding from 64 to 104 matches with an estimated $4 billion US betting handle. DraftKings alone is expected to process over a billion in wagers. The stock trades like a company in decline. The options disagree. Call skew is showing up across every expiration from July through December 2026. Upside calls are consistently more expensive than equidistant puts, which means the options market is pricing the velocity of risk to the upside. A call diagonal spread using that rich call skew for cost basis reduction could be the cleanest way to play it. 📊 tastylive: tastylive.com 📰 Get Tom's pre-market analysis every morning: tastylive.com/newsletters 📘 FREE Options Strategy Guide: tinyurl.com/bp9ms763 📱 Follow tastylive on X: x.com/tastyliveshow Chap...