Dec. 11 at 4:08 PM
Spent time studying economics of prediction market business. Really bad. Only makes good business sense when intelligently offered as a loss leader to cross-pollinate other offerings within a broader, sticky ecosystem. Read: open RH account, trade event contracts, trade other assets, use as personal bank account, direct deposit paychecks, borrow, contribute to retirement investment account, etc.. How will U.S. legacy online gambling operators make money from selling unprofitable event contracts in states where the opportunity to upsell to more profitable OSB and iCasino offerings does not exist? Are they doing it on the come of state online gambling legalization? If so, wow. Lose money selling unprofitable event contracts, hope to one day maybe have the opportunity to upsell, and spend a fortune on existential litigation, all while carrying on in a way that undermines your existing OSB business. Holy smokes. Another reason I prefer
$SGHC, the sober, debt-free, profitable choice.
