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World Cup’s $10 Billion Betting Boom Fuels Market ‘Gamification’

World Cup’s $10 Billion Betting Boom Fuels Market ‘Gamification’
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Sports World Cup’s $10 Billion Betting Boom Fuels Market ‘Gamification’ The World Cup is expected to be the biggest sporting event on the planet. It may also become the industry’s biggest chance yet to turn a global sporting spectacle into an engine for speculative trading. The month-long tournament could generate roughly $3 billion in additional wagers and drive as much as $10 billion in betting volume across sports-betting and prediction-market platforms, according to Bernstein analysts.

Sports World Cup’s $10 Billion Betting Boom Fuels Market ‘Gamification’ The World Cup is expected to be the biggest sporting event on the planet. It may also become the industry’s biggest chance yet to turn a global sporting spectacle into an engine for speculative trading. The month-long tournament could generate roughly $3 billion in additional wagers and drive as much as $10 billion in betting volume across sports-betting and prediction-market platforms, according to Bernstein analysts. With more than 100 matches and an expanded field of 48 national teams, the event will increase the amount of “bettable inventory” by roughly 60% compared with prior tournaments, giving platforms a rare surge of activity during a typically quiet period for sports wagering.
World Cup (EVENT) Bernstein (PERSON)
Originally published by Bloomberg Markets Read original →