By The Weekly Edge desk ·
CasinoBeats reported that millions of users downloaded Kalshi and Polymarket apps during the World Cup. Trading during the tournament, which lasted 39 days, ran into billions of dollars.
The tournament brought additional users and trading volume to the prediction platforms.
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JPMorgan’s estimate gives investors potential additional EBITDA from Genius Sports’ agreements with Kalshi and Polymarket.
The agreements add two prediction-market partners for Genius Sports.
The agreements connect Genius Sports with two prediction market platforms.
Genius links its Legend acquisition to customer-acquisition and data opportunities in prediction markets.
The agreements establish Genius Sports relationships with both prediction-market operators.
The agreements extend Genius Sports’ data services into both prediction market exchanges.