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Staff working on political campaigns are using data they receive from polls to wager on prediction markets and win thousands of dollars.
Not so long ago, the industry buzz was all about the Metaverse; then it was sweepstakes casinos; and more recently, how artificial intelligence (AI) would influence the industry.
The prediction market sector got off to a hot start in May. Each Friday at SBC Americas, we highlight some of the biggest headlines and stories you may have missed involving prediction markets.
DraftKings has beaten Wall Street expectations for first-quarter revenue and profit. The company said its push into prediction markets through its Super App was already lowering customer acquisition costs, sending shares higher in extended trading.
Genius Sports’ Q1 earnings call outlined a broader strategic shift, positioning prediction markets and the recently closed Legend acquisition as key drivers of future growth.
DraftKings is focusing on the future of betting by exploring fast-paced micro markets as the next frontier in sports prediction markets.
Texas Lt. Gov. Dan Patrick, a staunch sports betting opponent, has turned his sights on prediction markets.
A DraftKings executive acknowledged that sportsbooks and trading sports event contracts feel similar for consumers during a Milken Institute panel.
A leadership shakeup at FanDuel highlighted Flutter’s Q1 earnings as the company attempts to regain sportsbook momentum while investing heavily in prediction markets.
In a Gambling Insider Q&A, AIBM sports betting policy lead Jonathan Cohen discusses his advocacy group’s mission, the deterioration of American trust, gambling’s need for better guardrails, and the “gravitational pull of prediction markets.
Brazil’s PT government has launched a new campaign which has warned the public that “betting will never be an investment or income”.
