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Morgan Stanley says buy into weakness in Flutter and DraftKings after Kalshi enters parlays market
The stock-price sell-off in FanDuel’s parent company and DraftKings was too severe, an analyst is arguing on Wednesday.
The prediction markets Kalshi may be eating into the online sports-betting market led by DraftKings and FanDuel.
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DraftKings and Flutter: Online Sports Platforms Face Uncertainty from Predictive Event Competition
It’s unclear whether predictive platforms are expanding the market or taking share from apps like DraftKings and Flutter.
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DraftKings and Flutter slide after Kalshi stuns the sports betting sector with huge trading volume
Prediction platform Kalshi is creating some major waves in the sports betting sector. The company set a new trading record on Saturday of over $260 million before topping that on Sunday with a tally ...
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