Aug. 20 at 8:26 PM
$GENI $SRAD
CME Group and FanDuel Partner to Develop Innovative Event Contracts Platform
FanDuel (and inevitably DraftKings) are now basically ready to add sports and get access to non-regulated states. When they choose to start prob depends on court cases ongoing with Kalshi.
How will the tighter spreads in prediction space relative to sportsbooks play out? Stay tuned. Prediction/exchange model has been around in UK for a while and never gained enough traction to challenge sportsbooks, so maybe the same plays out here, but with many high population states unable to bet on sports, makes sense to go down the prediction path to access that TAM.
Good news for GENI and SRAD for their existing sportsbooks clients to not let this space be gobbled up by Kalshi/Robinhood/Polymarket et al