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.
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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 ...