Round 1 – tonight at 7pm on SN, TVAS, ESPN, ESPN+

Live from the Peacock Theater in LA are some of the draft prospects and none of the GMs. This "decentralized" draft will be sort of like an in-person zoom call draft, and guaranteed it won't be as much fun as the Sphere draft last year.

Decentralized format of 2025 NHL Draft will be ‘something that a sports fan has never seen’ | NHL.com
Prospects to attend live event while team executives stay home to optimize decision making

Key point for tonight:

NHL Commissioner Gary Bettman will emcee the first round Friday (7 p.m. ET; ESPN, ESPN+, SN, TVAS). The pace might be quicker, because each team will not need to thank the host city and congratulate the Stanley Cup champion. After each selection, the NHL will use high-tech graphics to profile the prospect. He will come up on stage, receive his hat and jersey, and take a photo.
Then he will enter the “NHL Draft House.”
In the past, he would meet team officials on stage, then go to the team’s table on the floor of the arena. This time, he will step in front of a giant screen that will connect him to the team’s front office wherever it is. A reporter will prompt a conversation.

and...

After the NHL Draft House, the prospect will go through “the gauntlet,” a series of interviews, photo shoots and autograph signings.
In the past, media from across the NHL would cover the draft in person. This time, most reporters will stay in their home cities, so the prospect will do a video conference as part of the process.

There will be some celebrities (likely mostly people I've never heard of) calling the picks. Lu Dort is said to be one of them.

The draft order:

1. NY Islanders
2. San Jose
3. Chicago
4. Utah
5. Nashville
6. Philadelphia
7. Boston
8. Seattle
9. Buffalo
10. Anaheim
11. Pittsburgh
12. Pittsburgh (from VAN via NYR)
13. Detroit
14. Columbus
15. Vancouver
16. Now Islanders – Montreal (from CGY)
17. Now Islanders – Montreal
18. Calgary (from NJD)
19. St. Louis
20. Columbus (from MIN)
21. Ottawa
22. Philadelphia (from COL)
23. Nashville (from TBL)
24. Los Angeles
25. Chicago (from TOR in the Jake McCabe trade)
26. Nashville (from VGK via SJS)
27. Washington
28. Winnipeg
29. Carolina
30. San Jose (from DAL)
31. Philadelphia (from EDM)
32. Calgary (from FLA)