00:00It's Benzinga, bringing Wall Street to Main Street.
00:03Americans are expected to wager more than $1.5 billion on the Super Bowl,
00:07setting a new record for the event.
00:09Polymarket and Calci are challenging FanDuel and DraftKings
00:13by using federally regulated prediction markets to allow nationwide wagering,
00:17including in states where sports betting remains illegal.
00:21Americans placed nearly $151 billion in sports bets
00:25through November last year, according to the American Gaming Association.
00:29DraftKings and FanDuel generated $15 billion in revenue during that period,
00:35surpassing the $13.8 billion recorded for all of 2024.
00:39Sports account for most of their activity,
00:41though the platforms also offer bets on politics, culture, and the economy.
00:47Regulators and sports leagues have raised concerns about licensing,
00:50age limits, and integrity protections.
00:53The legal dispute over prediction markets is expected to reach the Supreme Court.
00:57For all things money, visit Benzinga.com.
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