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 …
“While Kalshi offers wagers on everything from politics to weather — chief executive Tarek Mansour has said it is “making the world a little bit smarter about the future” — sports bets account for the bulk of its revenues.” https://www.ft.com/...
https://www.ft.com/... 'Sports wagers on Kalshi, the prediction market start-up whose popularity has surged since the 2024 US presidential election, are now delivering estimated annualised revenues of about $1.3bn. That sum is close to a quarter of the total sportsbook revenue