Here's why Wall Street is betting against DraftKings and FanDuel — and going all in on Polymarket and Kalshi

Core Insights - Kalshi and Polymarket are emerging platforms that could significantly disrupt traditional sports-betting companies by offering unique betting mechanisms and market structures [1] Group 1: Company Overview - Kalshi and Polymarket are positioned as innovative alternatives to conventional sports-betting platforms, potentially attracting a new customer base [1] - These platforms utilize event-based betting, allowing users to wager on the outcomes of specific events rather than traditional sports outcomes [1] Group 2: Industry Impact - The rise of Kalshi and Polymarket may lead to increased competition in the sports-betting industry, forcing traditional companies to adapt their business models [1] - The unique offerings of these platforms could shift consumer preferences, impacting revenue streams for established sports-betting companies [1]