The Favorites - The Future of Sports Betting
On today’s show Action Network hosts Chad Millman and Simon Hunter are joined by Chris Gerlacher, a reporter with Prediction News who's covered the rise and regulation of prediction markets worldwide for several years.
The influence of these prediction markets as businesses has become an increasingly important narrative in the sports betting space overall. Now legal in all 50 states, Kalshi just raised $185M and is valued at $2 billion. Internationally-focused Polymarket announced a raise the same week to hit unicorn status of $1 billion. Meanwhile, prediction markets stand to benefit the most from the continued legislation which impacts professional bettors, as well as continued bans from operators who don’t want their business. #Volume
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