A proposed “event contracts” ETF would turn sports gambling into a diversified portfolio play if regulators sign off.
Our daily email brings you smart and engaging news and analysis on the biggest stories in business and finance. For free.
Flutter told Barron’s last week that it expects to manage 100,000 bets per minute at peak times during the World Cup.
Prediction markets may prove to be an even more lucrative opportunity than sports betting as Americans’ interest in wagers grows.