Prediction Market Operators Gain Upper Hand Over Sportsbooks
Prediction market operators appear to hold all the high cards in their battle with sportsbook operators.
Sportsbooks
11 Posts
Michael Burry Backs Sportsbooks Against Prediction Market Threat
Michael Burry, the investor who inspired the movie The Big Short, has bought shares in Flutter and DraftKings, expressing confidence that the sportsbooks can overcome the threat of prediction markets.
World Cup Betting Set to Exceed $50 Billion
The 2026 FIFA World Cup could become the biggest betting event in history, with global wagering projected to exceed $50 billion as sportsbooks and prediction markets prepare for a surge in activity.
New Mexico Targets Kalshi for Alleged Illegal Gambling
New Mexico has become the latest state to go after prediction markets, targeting Kalshi in a new lawsuit that alleges the platform hewed too closely to what sportsbooks offer.
FIFA World Cup: Payments’ Impact on US Sportsbooks Market Growth
With U.S. operators expecting unprecedented handle from the soccer tournament, Paysafe’s Zak Cutler argues that a robust cashier will future-proof brands for what’s next.
New York betting statement bill reaches final legislative stage
The legislative effort to require sportsbooks in New York to provide players with monthly betting account statements has reached its last step before a potential governor’s signature.
Betting on 2026 World Cup in the US for LATAM Travelers
Can I bet on the 2026 World Cup if I travel to the US from LATAM?
DraftKings Co-Founder Criticizes Kalshi on Social Media
DraftKings co-founder Matt Kalish heavily criticized Kalshi in a series of social media posts. He dismissed the prediction market platform as niche and questioned its ability to compete with major sportsbooks.
Former Betway Director Jon Russell on U.S. Prediction Markets
Watching the prediction markets fight unfold, it’s clear there’s no shortage of moving parts.
New Jersey Bill Aims to Restrict Sportsbook Bonus Offers
A new bill introduced in New Jersey aims to ban sportsbooks from providing bonuses or promotions to players who register for responsible gambling tools.
Colorado Senate Advances Bill Without Prop Betting Ban
A bill in Colorado targeting sportsbook restrictions moves to the Senate floor without a ban on prop betting.