Analysis: sports bets on Kalshi generate an estimated ~$1.3B in annualized revenue, underscoring the threat prediction markets pose to traditional operators (Financial Times)

Financial Times:
Analysis: sports bets on Kalshi generate an estimated ~$1.3B in annualized revenue, underscoring the threat prediction markets pose to traditional operators  —  DraftKings and Flutter shares slide as investors fret about threat posed by apps such as Kalshi  —  Sports wagers on Kalshi …

from Techmeme https://ift.tt/EMJ8Tsu