DraftKings, Flutter, others tumbled today on reports of elevated volume on Kalshi Parlays coming to the prediction market didn’t help matters It’s possible Kalshi volume is being double-counted, says one analyst Sports betting stocks were walloped Tuesday as investors were spooked by reports of surging volume on Kalshi and news that the prediction markets giant is offering same-game football parlays, but some analysts believe the sell-offs are overdone. Slides by sports betting stocks on prediction market fears may be overdone, say analysts. (Image: MarketWatch) DraftKings (NASDAQ: DKNG) plunged 11.37% on volume that was more than quadruple the daily average while FanDuel parent Flutter Entertainment (NYSE: FLUT) shed about 10.50% on turnover that was more than triple the norm. Rush Street Interactive (NYSE: RSI), another pure-play iGaming/sports betting stock, dipped 8.39% on above-average volume. The sports betting stocks were taken to task as market participants absorbed news that Kalshi volume on Saturday, Sept. 27 and Sunday, Sept. 28 smashed the previous…Read MoreCategory: Financial, Sports Betting, sports bettingSource: Casino.org