FanDuel and DraftKings Drive Sports Prediction Market

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00:00Obviously, FanDuel, DraftKings getting into the prediction markets now, FanDuel doing

00:04that specifically, just announcing that just within the last few weeks.

00:07Is there room for all of these players together, the CalShare, PolyMarkets, FanDuel, DraftKings?

00:13Do you see a merger happening or something else?

00:17What happens here?

00:18Well, one thing that's...

00:19Or do FanDuel and DraftKings just continue to stay number one?

00:21Yeah, and not to get too into these, but one thing that's positive for both is some of

00:25these bigger players that say they're launching their own are actually doing it using CalShare,

00:29PolyMarkets tech on the back end.

00:31So, for example, DraftKings acquired RailBird.

00:33RailBird was a prediction market, but not in sports.

00:35And now they say they're going to launch sports predictions using RailBird.

00:38Well, RailBird on the back end settles its transactions using PolyMarkets Exchange or

00:42settles its odds using PolyMarkets Exchange.

00:44So it's almost like liquidity begets liquidity, right?

00:46They've got all these key partners.

00:48You know, Crypto.com is launching one.

00:50That uses one of the two.

00:52And then you've got Robinhood and Susquehanna are launching their own.

00:54They're launching their own because they bought a different crypto exchange that, by the

00:58way, crypto crazy trivia for you, used to be owned by FTX, which collapsed.

01:02So Robinhood and Susquehanna acquired this other thing, LedgerX.

01:05They're going to use that to be a predictions market.

01:07But Robinhood is a partner of CalShare on the back end.

01:09And by the way, the Robinhood partnership is really key to CalShare's huge growth in sports

01:13as they have this college football predictions market using Robinhood that Robinhood promoted.

01:18So both companies have made a lot of hay thanks to their key partnerships.

01:21And, you know, they're also going head-to-head in gobbling up partnerships.

01:25You know, one's got StockX.

01:26They've both got NHL.

01:27One's got Pickleball.

01:28One's got Padale.

01:29I mean, it's crazy to keep track of.

01:31So they're not all going to succeed.

01:33I don't think a big player could really buy them.

01:35They're too expensive now with all their funding.

01:37So what ends up happening?

01:38Does, you know, DraftKings or FanDuel launch something that's a joint venture with one of them?

01:44I don't know how it goes, but Ben Horny has done a list of these.

01:48We're up to like 10 or 11 or 12 that have either launched a predictions market or stated they plan to.

01:52They're not all going to work.

01:54In six months, there aren't going to be 10, 11, 12.

01:56So we'll see.

01:56You mentioned in your story a lot of the partnerships that CalShare and Polymarket have,

02:01specifically the NHL, I think is the biggest of the leagues in there.

02:04UFC.

02:05Yeah, UFC.

02:06But no NFL.

02:08No NBA.

02:09Right.

02:09Those obviously two of the most betted on sports out there.

02:12Do you foresee a situation where the NFL or the NBA partner with one of them?

02:17Or do they stay with their traditional partners, the DraftKings and FanDuel?

02:20Well, you're certainly right, Demand.

02:21This is a great point.

02:22I didn't get into this in the story.

02:23But, you know, it's a great follow-up.

02:24The NFL, of course, was the longest holdout against legalized sports betting.

02:27And then once the water was clear, you know, they were biding their time, they went all in.

02:32And they're just as deeply enmeshed and tied to all this as all the big leagues.

02:35But they really held out.

02:36Protect the Shield.

02:37They're so image conscious.

02:38I can tell you for sure that the NFL does not love these social media posts.

02:42And that they would be very hesitant to get in bed with Polymark or Cal sheet if these

02:46type of social posts continue.

02:47There's just no way.

02:48You know, Christian McCaffrey loves getting balls.

02:51And, you know, the post about the cop at the Southern Carolina game.

02:56And it said he's an old fucker.

02:58What is it?

02:59I mean, it's in there.

03:00I think we showed it.

03:01So I would be surprised.

03:03NBA could go either way.

03:05The NHL is a major get for Cal sheet and Polymark.

03:07But it's, you know, the smallest of the big four, right?

03:11So a big domino to fall would be MLB or NBA or NFL, you know, making a partnership.

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