Prediction Markets Eat Sports Betting Market Share
Share
Bloomberg's Nathaniel Popper joins Scarlet Fu and Tim Stenovec on "Bloomberg Crypto." During the World Cup overall prediction-market trading surged, far outpacing the growth at traditional sportsbooks and driving home the threat that companies like Kalshi now pose to the sports-gambling industry.
More from Australia
Resurgent inflation pressures test key Australian consumer shares
The digital cart rush redefining Australian retail profit pools
Trans-Tasman insurers battle contract churn while defending profit margins
Capital battles heat up as takeover offers challenge listed housing operators
The equities fueling the next infrastructure supercycle
Crypto networks collide with sanctions in a fight for financial access