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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Analyst Calls Flutter Stock’s 10% Drop After Kalshi's Sports Prediction Expansion 'An Overreaction' — Retail Turns Strongly Bullish

Jefferies believes that the 10.3% slide in shares of Flutter Entertainment is "an overreaction" amid widespread investor worries over risks to the FanDuel operator, as well as its peer DraftKings, ...
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Flutter, DraftKings slide on new Kalshi parlay-like NFL contracts

Shares of Flutter Entertainment (FLUT) and DraftKings (DKNG) are under pressure on Tuesday after the U.S. prediction markets operator Kalshi launched a new same-game parlay-style product on NFL ...

DraftKings, Flutter Stocks Sink. Prediction Markets Are Gaining Momentum.

The prediction markets Kalshi may be eating into the online sports-betting market led by DraftKings and FanDuel.