Sports Betting Stocks’ Kalshi-Induced Slides Overblown, Say AnalystsPosted on: September 30, 2025, 04:10h. Slides by sports betting stocks on prediction market fears may be overdone, say analysts. We believe online gaming stock weakness relates to media reports citing Kalshi’s new trading record over the weekend of ~$540 million,” notes the analyst. “While same-game parlays have been introduced, we believe prediction market wagering options and overall content/functionality remains thin,” adds Bain. Those include FanDuel’s depth of product offering and promotional spending — traits not found with prediction markets.