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What Role Does Gambling Play in Sports?
Bloomberg Television· 2026-02-20 21:55
These days, you can win or lose money by betting on something as simple as a coin toss. And that's just a small example of the risk and reward of sports betting. I'm Rhonda Williams, the sports business reporter at Bloomberg News.And I'm taking you inside the world's biggest, flashiest and most expensive sporting events to answer one question. How does sports become this big of a business. Today, we're going to explore a new corner of the sports industry, a corner that divides opinions like nothing else.Som ...
X @Bloomberg
Bloomberg· 2026-02-18 19:32
The Pro Bowl Games took place during the ramp up to the Super Bowl this year. Randall Williams explains the evolution https://t.co/fCNvBMHOJI https://t.co/H4GKcendoO ...
MSG Sports Considering Spinning Off New York Knicks, Rangers
Bloomberg Television· 2026-02-18 17:07
Well, they said in the statement that they want to get a proper evaluation on these things. MSD as a company is valued at $7 billion Sportico Forbes, CNBC all estimate the Knicks and the Rangers combined are much larger than that. You're talking about the Knicks being a ten, potentially the Rangers probably at 3 to 4.And so that combined is anywhere between 13 to $14 billion. I think when you're thinking about these assets, they are very huge and they want to get a proper valuation on them. Is it they're ge ...
DraftKings (DKNG) CEO on Sports Betting Uptick, Using AI & Prediction Markets
Youtube· 2026-02-15 18:00
Core Insights - DraftKings is experiencing stock fluctuations following its fourth-quarter results, attributed to cautious guidance and upcoming changes in its offerings [1][3] - The company is focusing on enhancing its prediction markets, which have seen significant interest, especially during events like the Super Bowl [2][15] Financial Performance - DraftKings reported a substantial increase in prediction market activity during the Super Bowl, with $1.5 billion traded in volume, indicating a growing interest in betting [15] - The company is acquiring several million users annually through its online sports betting app, with potential for significant growth through its new prediction market offerings [13][14] Product Development - DraftKings is committed to developing the best prediction product globally, leveraging existing investments in technology and marketing [5][27] - The company has made significant upgrades to its product, including partnerships with Crypto.com, enhancing content accessibility for customers [4][27] Market Strategy - The company aims to expand its reach into states where online sports betting is not yet available, targeting major markets like California, Texas, and Florida [11][12] - DraftKings plans to ramp up marketing efforts by the next NFL season to attract new customers through its prediction markets [12][27] Industry Trends - There is a growing trend towards interactive and gamified sports experiences, which is expected to drive increased participation in betting and prediction markets over the next 10 to 20 years [17][18] - The company believes that the integration of AI and machine learning will enhance operational efficiency and product offerings, contributing to its competitive edge [24][25]
X @CoinMarketCap
CoinMarketCap· 2026-02-14 21:00
Want the full breakdown on Super Bowl trading, regulatory shifts and institutional expansion?Stay informed, stay ahead:https://t.co/JOEVVLwlf97/7 ...
X @Bloomberg
Bloomberg· 2026-02-14 16:00
During the recent Super Bowl, the big prediction market platforms didn't just offer bets on the game itself, but also on more exotic facets — one example? Who would join Bad Bunny in the performance.On this episode of the Odd Lots podcast, @tracyalloway and @thetalwart speak with new CFTC Chairman Michael Selig about his agency's role in regulating prediction markets https://t.co/qoGXjc1GMM ...
X @Bloomberg
Bloomberg· 2026-02-14 01:00
During the recent Super Bowl, the big prediction market platforms didn't just offer bets on the game itself, but also on more exotic facets — one example? Who would join Bad Bunny in the performance.On this episode of the Odd Lots podcast, @tracyalloway and @thetalwart speak with new CFTC Chairman Michael Selig about his agency's role in regulating prediction markets https://t.co/qoGXjc1GMM ...
X @The Block
The Block· 2026-02-13 11:35
Kalshi inks sports hedging deal with Game Point on the heels of over $1 billion in Super Bowl trading https://t.co/j7gxUqD7iB ...