00:00It's Benzinga, bringing Wall Street to Main Street!
00:03Americans are expected to wager more than-
00:05$1.5 billion on the Super Bowl, setting a new record for the event.
00:10Valley Market and Kalshi are challenging FanDuel and DraftKings by using federally regulated
00:15prediction markets to allow nationwide wagering, including in states where sports betting remains
00:20illegal.
00:21Americans placed nearly $151 billion in sports betting.
00:25They have run the best bets through November last year, according to the American Gaming
00:29Association.
00:30DraftKings and FanDuel generated $15 billion in revenue during that period.
00:35They are surpassing the $13.8 billion recorded for all of 2024.
00:40Sports account for most of their activity, though the platforms also offer bets on politics,
00:45culture, and the economy.
00:47Regulators and sports leagues have raised concerns about-
00:50Licensing, age limits, and integrity protections.
00:55The market is expected to reach the Supreme Court.
00:57For all things money, visit Benzinga.com.
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