Welcome to bake list where today we are exploring prediction markets. There are a ton of questions going around about prediction markets. Maybe initially what are they? But really why are they capturing so much attention right now. Who are the big players? Where do they come from? And maybe the big question is how big are prediction markets and how big can they get? some people think that they're going to become absolutely huge. And then why are prediction markets sometimes compared to sports betting platfo ...

Kalshi surpassed $1 billion in monthly contract volume in mid-September, coinciding with the start of the NFL season. It then saw $538 million worth of contracts traded Sept. 27-28. According to LegalSportsReport , 98% of that volume came from sports-related contracts.Prediction markets have been around for a few years, but they gained momentum following the last U.S. presidential election. Their popularity has even gripped Wall Street, where investors and strategists increasingly rely on their odds as a ki ...

Your next guest says stay long. David Katz, managing director at Jeffre, actually at a gaming conference in Las Vegas. How perfect and Sirat Steady is still with us.David, when you I know you like Flutter and others, when you look at some of these predictions or outcomebased markets like a poly market, whatever, are they starting to eat into any real market share. >> Uh, I I think the impact that they're they're having by based on the data that we're looking at is really very minimal. And Brian, I think we ...

What the heck has gone wrong at draft games. I mean, back in August, the online sporting betting company, it reported a great quarter, even if they didn't raise their fullear forecast. And the stock didn't initially sell off uh 5%.Sell, sell, sell. CEO Jason Robbins came on the show. Yeah, I thought he told a great story.And the stock did come back with a vengeance, ultimately climbing to $48 and change at the beginning of September. Oh, but ever since DraftKings has been just obliterated with the stock now ...

Betting stocks getting slammed this week as the gambling space gets more crowded with the likes of Kelshi trying to grab market share. DraftKings down nearly 15% on pace for its worst week since February. While Flutter, the parent company of FanDuel is lower by 9% and now negative for the year.But both slightly higher today after a Nevada official or Nevada federal judge rather ruled that sports predictions markets do not qualify as swaps, which could mean less regulation for online betting moving forward. ...

We are also watching the casino stocks dropping today. Our Contessa Brewer joins us with what's behind that move, Contessa. >> Yeah, well, and let's take a look at the stocks because you're really seeing it in Melco.It's off by 6%. That's a vast improvement. When I looked last hour, it was down 12%.MGM Resorts down two. Las Vegas and Win off more than 5%. Blame it on the rain.There is a big typhoon that is swirling to the west of the Philippines and Macau is keeping an eye and bracing. They just had another ...

While major indexes are taking a breather today, there are some notable moves from individual equities that have caught options traders' eyes.Wheeling and Dealing CoreWeave Strikes AgainCoreWeave Inc (NASDAQ:CRWV) 12.3% higher to trade at $137.57, after the AI cloud computing company inked a $14 billion infrastructure deal with Meta Platforms (META). Just last week, CoreWeave secured a similar contract with OpenAI for $6.5 billion. CRWV is heading for its highest close since Aug. 12, and is 243% above its M ...

I have been writing about sports betting on and off for the past few years . My work has tended to focus more on the division of the spoils of sports betting than on the execution of theMax Greve is a graduate of Northwestern University with a quadruple major in History, Economics, Political Science, and International Studies. Max is a full-time writer and in addition to stock market trends also writes articles on government, current events, macroeconomic trends, and last but not least, the ongoing ineffici ...

PrizePicks gets green light for prediction markets as sports betting giants rush into the booming billion-dollar sector.Read more: https://t.co/HM3yHHCYXt ...

Kalshi has overtaken prediction market leader Polymarket by registering higher trading volumes for three weeks running. Last week, Kalshi users traded $728 million worth of bets. That’s almost 60% more than Polymarket, and almost as much as the record $749 million weekly volume Kalshi handled in the lead up to the 2024 US presidential election. The booming sports betting market is driving the success, according to Dustin Gouker, a sports betting consultant and predictions market analyst. “Football is no ...