Morgan Stanley says buy into weakness in Flutter and DraftKings after Kalshi enters parlays market

Core Viewpoint - The stock-price sell-off in FanDuel's parent company and DraftKings is considered overly severe by an analyst [1] Company Analysis - FanDuel's parent company and DraftKings have experienced significant stock price declines [1] - The analyst suggests that the current market reaction does not accurately reflect the companies' fundamentals [1] Industry Context - The sell-off in the sports betting industry, particularly affecting major players like FanDuel and DraftKings, raises questions about market sentiment [1] - The analyst's perspective indicates potential for recovery in stock prices within the sports betting sector [1]