BofA: prediction markets are mounting pressure on DraftKings and FanDuel
- —Kelley said Wall Street underestimates prediction markets' growth and competitiveness
- —Kalshi is accessible in all 50 US states and open to users aged 18 and over
- —That access and eligibility gap pressures DraftKings and FanDuel
- —The comments came at the NextPredict Summit, Bloomberg reported
Why it matters: Prediction markets could reshape the US betting industry, pressuring the valuations of public operators DraftKings and FanDuel.
Source: Bloomingbit