Rex Shares, Volatility Shares, LeagueShares and others have filed for suites of ETFs tied to performances of baseball and hockey teams.
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Prediction markets are expected to rake in about as much green as traditional sportsbooks this year, according to a Citizens note.
A quarter of Gen Z said they view sports betting as part of their long-term plan, and more than half have reallocated funds meant for investments into sports bets.
A proposed “event contracts” ETF would turn sports gambling into a diversified portfolio play if regulators sign off.
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.