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What DraftKings and FanDuel Prediction Market Plays Mean for the Sports Betting Biz

Sports betting giants FanDuel and DraftKings are shifting their strategies to compete with rapidly growing prediction markets, which saw weekly volumes exceed $2 billion. These prediction markets are allowing users to bet on various outcomes beyond sports, including politics and financial indicators, and could be worth $95.5 billion by 2035. However, these established sportsbooks face scrutiny from regulators amid allegations of illegal betting and questions about regulatory oversight as states challenge federal control. Bank of America recently downgraded DraftKings and FanDuel's parent company, Flutter, citing declining margins and fierce competition from prediction markets. Despite their entry into the prediction market realm, analysts believe they may be too late to regain market share from entities like Kalshi and Polymarket. The ongoing regulatory tension presents risks and could affect their existing gaming licenses, complicating their efforts to innovate in this space. With the prediction market sector expanding, FanDuel has partnered with CME to offer event contracts, while DraftKings has acquired Railbird for its prediction market app.

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Google Brings Prediction Markets Polymarket and Kalshi to its Search and Finance Platforms

Google has announced the integration of real-time prediction market odds from Polymarket and Kalshi into its Search and Finance platforms, providing users with access to crowd-sourced forecasts on significant future events, such as U.S. elections and recession predictions. This marks a noteworthy application of blockchain-based prediction data within mainstream

Google Brings Prediction Markets Polymarket and Kalshi to its Search and Finance Platforms

Google has announced the integration of real-time prediction market odds from Polymarket and Kalshi into its Search and Finance platforms. This significant move allows users to access live market odds for future events, including U.S. elections and recession forecasts, directly in their search results. This integration represents a major

Google Brings Prediction Markets Polymarket and Kalshi to its Search and Finance Platforms

Google has integrated live market odds from prediction markets Polymarket and Kalshi into its Google Search and revamped Google Finance. This development makes crowd-sourced forecasts on key events, such as U.S. elections and recession odds, readily accessible to users. In response to inquiries like 'Will the U.S.

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