As the Super Bowl kicks off in California—a state without legal sports betting—federally regulated prediction markets are positioned to siphon off a significant portion of wagering activity, potentially reaching record trading volumes this year.
Mid-cap companies offer a compelling blend of established operations and growth runway, but they navigate a perilous landscape between industry titans and agile disruptors. We examine three stocks where investor optimism may be overlooking critical challenges.
Missouri's sports betting launch exceeded all expectations, generating over half a billion dollars in wagers and securing its place among the nation's top markets in its first month of operation.
Kalshi's parlay betting, newly accessible via Robinhood, generated unprecedented single-day fee revenue last Sunday, surpassing the platform's historical earnings from all non-sports events combined and signaling a major shift in the prediction market landscape.
