EXCLUSIVE: Prediction Market Volumes Are Soaring, but Most Exchanges Won't Survive, Smarkets CEO Warns
Smarkets CEO Jason Trost says booming prediction-market volumes may mask unsustainable economics at many exchanges.
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Susquehanna analyst Joseph Stauff maintains Flutter Entertainment (NYSE:FLUT) with a Positive and lowers the price target from $115 to $100.
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Smarkets CEO Jason Trost says booming prediction-market volumes may mask unsustainable economics at many exchanges.
Fanatics CEO Michael Rubin says U.S. betting marketing spend could hit $7 billion as Kalshi and Polymarket intensify competition.
Citizens analyst Jordan Bender maintains Flutter Entertainment (NYSE:FLUT) with a Market Outperform and lowers the price target from $145 to $129.