Feb. 22 at 1:43 AM
$ROLR let’s add a few more benchmarks for the people who could not find value if it slapped them in face:
$DKNG : peak market cap =
$25B (
$ROLR share price equivalent =
$2,500/share)
fanduel : market cap estimated at
$31BN during buyout by
$FLUT =
$31BN (
$ROLR share price equivalent =
$3,100/share)
This trading at these levels is comical.
Are there execution risks? Yep.
Will there need to be further capital injected? Probably.
Will the prediction market increase? You bet! (Pun intended).
So, compare to draft kings, fan duel, poly market, kalshi (their analysis is included by me on this board).
The hidden value here is the flexibility and hedging potential, especially with crypto which has almost NO fundamental hedge. For example, let’s say you hold
$BTC.X or
$ETH.X and have just gone through this downturn but remain bullish. You don’t want to short it, right? So you hold while placing a bet on prediction market that if it goes below
$60K, you get a
$100K payout (while holding)
