That's the closing bell on Wall Street and now it's market domination overtime. We're giving you full coverage of all the moves to get you up to speed on the action from today's trade and now finances Jared Blickley joins us now with the latest market action. Jared, >> thank you Josh.Uh the majors, not a whole lot going on today. And I'm going to show you that price action. But we do have a record high to talk about in a minute.Not going to be in the Dow here. That was down 7/10 of one uh excuse me, seven b ...

Core Insights - Kalshi has formed partnerships with major entities like CNN, Google Finance, the National Hockey League, and Robinhood, enhancing the visibility of prediction markets [1][1][1] - The rise of prediction markets is linked to their performance in forecasting events more accurately than traditional polls, particularly noted during the 2024 U.S. presidential election [1][1][1] - Kalshi's recent fundraising of $1 billion has elevated its valuation to $11 billion, indicating strong investor interest in the prediction market sector [1][1][1] Prediction Markets - Prediction markets are gaining traction as they allow individuals to bet on a wide range of events, from economic policies to social media activity [1][1][1] - The competition in the prediction market space is intensifying, with various companies like Polymarket and FanDuel entering the market [1][1][1] - Kalshi's CEO emphasized the potential of prediction markets, suggesting that the industry is on the verge of significant growth [1][1][1] Market Dynamics - The appeal of prediction markets lies in their low buy-ins, straightforward terms, and user-friendly platforms, making them accessible to a broader audience [1][1][1] - Relaxed federal regulations have facilitated the growth of prediction markets, although some states are attempting to impose restrictions [1][1][1] - The legal status of prediction markets remains ambiguous, with potential implications for future regulations and court rulings [1][1][1]

Summary of Genius Sports Investor Day Conference Call Company Overview - **Company**: Genius Sports - **Industry**: Sports technology and data analytics, focusing on digital transformation in sports Key Points and Arguments 1. **Digital Transformation of Sports**: Genius Sports is positioned at the center of the ongoing digital transformation in sports, which is characterized by data-driven fan behavior and the convergence of betting, media, advertising, content, and commerce [3][4][6] 2. **Genius IQ Platform**: The company emphasizes the importance of its technology platform, Genius IQ, which serves as the operating system for modern sports, capturing real-time data and enhancing fan engagement [4][8][10] 3. **Market Position**: Genius Sports has renewed major league partnerships and expanded its media business, which has nearly tripled in size over the last four years. The technology is deployed in over 300 venues worldwide, with plans for hundreds more [6][7][35] 4. **Revenue Pathways**: The company aims to own revenue pathways in betting, media, advertising, and data, allowing it to extract value without needing to own the sports fan directly [6][7] 5. **Financial Outlook**: The company projects a revenue of $1.2 billion and an adjusted EBITDA of $365 million by 2028, with a 30% margin and 60% free cash flow conversion [9][10] Additional Important Insights 1. **Fan Engagement Strategy**: Genius Sports focuses on creating immediate, intelligent, and immersive fan experiences that are consistent across the entire fan journey, avoiding fragmented solutions [12][14][15] 2. **Technological Innovations**: The company utilizes advanced technologies such as AI, machine learning, and computer vision to enhance data collection and analysis, which is critical for modern sports [17][18][19] 3. **Applications and Experiences**: Genius Sports has developed various applications, including Genius Perform for performance analytics, Genius Bet for interactive betting experiences, and Genius Engage for enhanced media integration [23][28][29] 4. **Partnership with NFL**: The relationship with the NFL is highlighted as a key strategic partnership, focusing on enhancing fan engagement and exploring international growth opportunities [37][76] 5. **Integrity and Regulation**: The importance of maintaining integrity in sports betting and the role of regulation in creating a trusted ecosystem is emphasized [49][52] Conclusion - Genius Sports is strategically positioned to capitalize on the digital transformation of sports through its innovative technology platform, strong partnerships, and focus on enhancing fan engagement and monetization opportunities. The company is optimistic about its growth trajectory and the potential for new revenue streams in the evolving sports landscape [10][81]

Core Insights - CES is returning to Las Vegas in January to highlight the transition of AI from novelty features to a fundamental aspect of various product categories [1] Group 1: Company Presentations - LG and Samsung will present their vision for future homes [2] - Lenovo will host an immersive keynote at The Sphere [2] - Sony Honda Mobility will showcase its next-generation electric vehicle, Afeela [2] - Waymo and Zoox will demonstrate their plans for robotaxis [2] Group 2: Keynote Sessions and Discussions - A session titled "The Future is Airborne" will feature discussions on delivery drones and advanced air mobility with industry leaders [3][4] - Various sessions will cover topics such as AI in cinematic creativity, transforming industries with physical AI, and the future of autonomous vehicles [6][7][9][10][11] Group 3: Event Schedule Highlights - Media Day 1 includes sessions on tech trends and an unveiling event [6] - Media Day 2 features keynotes from AMD and discussions on software-defined vehicles [7] - The event will also include a series of panels on AI applications in healthcare, consumer behavior, and robotics [9][10][11]

Market Entry & Growth - Robinhood is entering the prediction markets space [1] - The prediction market space currently sees approximately $3 billion weekly volume [1] - Industry anticipates potential growth to tens of billions per week with the entry of major players like Robinhood, DraftKings, and FanDuel [1] Robinhood's Strategy - Robinhood acquired a majority stake in MIAX after directing significant trading flow to Kalshi for a year, securing necessary licenses for its own CFTC-approved prediction market [2] - Prediction markets became Robinhood's fastest-growing product, with over 1 million users trading 9 billion contracts [2] - Robinhood aims to own the prediction market platform instead of relying on Kalshi [2] Competition & User Experience - Coinbase is also entering prediction markets through Kalshi [2] - The industry seeks improved user experience, more diverse markets, and access to millions of retail users [3]

Honestly, unsurprising.I've been somewhat vocal on the standpoint that Sports 'Prediction Markets' are the closest comparison to gambling that prediction markets have.If a prediction market is entirely dependent on sports then it is just a glorified version of DraftKings + FanDuel.The best prediction markets will be those that provide markets to everything outside of sports, markets from entertainment, to politics, to culture, to mentions.The ones that will win, will be independant of a required need for th ...

I got to ask you about Kshi and Poly Market and this whole prediction market space. You know, you're moving into it with a partnership with them. How you think about that versus, you know, DraftKings and FanDuel and everybody else on that side of things.And also, by the way, what you think of some of these cheating scandals and how you police all of this. >> Uh, great question. So we we have aligned with the prediction market because we believe u our fans need to understand that if they're going to execute ...

CNBC is out this morning with our annual list of NHL valuations. The average NHL team is now worth $2.2% billion. That's a 15% jump from last year.And topping that list is Toronto Maple Leafs valued now at a staggering $4.3% billion. They're followed by the New York Rangers, Montreal Canadians, Los Angeles Kings, and Edmonton Oilers. And joining us this morning is NHL Commissioner Gary Bman.Good morning to you, Gary. >> Good morning. And I ask the first question.>> These are these are the CNBC valuations. W ...

Core Insights - FanDuel has launched "Pass The Leg," a multi-user parlay builder that enhances social interaction in sports betting, coinciding with Thanksgiving [1][3][4] Group Features - The feature allows users to collaboratively build a parlay by inviting friends and family to contribute picks, making it a shared experience [2][3] - Each participant can place individual bets using their own funds and benefit from a dedicated Profit Boost for the group parlay [2][4] Market Position - "Pass The Leg" is the first true multi-user parlay-building experience offered by a major U.S. sportsbook operator, catering to the demand for more interactive betting experiences [3][4] - FanDuel aims to integrate social elements into the betting experience, reflecting how fans engage in group chats and gatherings [4] Operational Details - The feature is available exclusively for the three NFL games on Thanksgiving Day, allowing a minimum of three legs and up to twenty-five total legs in a parlay [3][4] - FanDuel operates across all 50 states with approximately 17 million customers and 25 retail locations, indicating a strong market presence [5]

What about the predictions markets. Very hot right now. Fast growing.Do you think that there's a risk that they they cannibalize force betting. >> Yeah. So, so first um >> and also are you going to get in.>> I'll give this to you first right here. Let's go. I'm giving it to you right now.We got to make sure we're launching the next couple weeks. >> Launching a fanatics prediction markets. Absolutely.>> Is this with crypto. com as rumored. >> Uh it is. it it is with Crypto.com and we're super excited about l ...