What are prediction marketplaces, and how are they disrupting the sports betting industry? Join Matt Perrault and guest Bruce Merati of BetEX for a detailed breakdown!

Are platforms like Kalshi and Polymarket a money grab? Could states revoke licenses of sportsbooks like DraftKings and FanDuel if they dive into the waters? Plus, what do bettors need to be aware of when getting invested in prediction markets?

The Pros set the scene for how we've got here and where we're going!

Timestamps: (May be off due to ads)

Intro - 0:00:00

What Is a Prediction Marketplace? - 0:00:44

First Patent - 0:10:37

Pre-BetEx - 0:13:52

What Is BetEx? - 0:14:31

Selling Bets Digitally vs. Physically - 0:22:50

Where Is the Risk? - 0:25:30

Is It All a Money Grab? - 0:34:05

Revoking Licenses? - 0:39:20

Outro - 00:49:06

Helpful Links:

⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠BettingPros Pick Tracker⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ – Want to track all of your wagers in one place? Check out the BettingPros Pick Tracker. It syncs up with your sportsbooks to tally which picks hit, and which miss AND gives you a live look at what the public is doing so you can use real-time tracking to determine which plays to make, and which to fade: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠bettingpros.com/pick-tracking⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

See omnystudio.com/listener for privacy information.

What Is The Future of Prediction Markets & Sports Betting | The Sharps Report (Ep. 887)

BettingPros Podcast