Oct. 15 at 2:59 PM
$FLUT $DKNG $GENI $SRAD
Sportico:
One day after Kalshi began offering customizable parlays on NFL games for the first time at scale on Sept. 29, DraftKings and FanDuel parent Flutter saw their stocks lose billions of dollars off their market caps.
The custom parlays that caused such a ripple effect, however, remain a tiny part of Kalshi’s overall activity. They only saw
$6 million in trading volume—the go-to prediction market activity metric—in their first week on the platform. In their second week, that number rose to just
$10.1 million.
Kalshi initially launched only single-game parlays but has since added multi-game parlays to its offerings. There was
$5.5 million in volume on same-page parlays and
$4.6 million on multi-game parlays between Oct. 6 and Oct. 12. Combined, parlays represented roughly 3.1% of the
$330.5 million in total volume on Kalshi’s NFL contracts last week, and an even smaller 1.1% of its overall volume.
