I am not sure what you would ever expect from comments about prediction markets by these already established sports betting franchises, all of whom are currently under the control of state entities or negotiating with states that do not currently offer sports betting. Yes, we all know that (1) the Kalshi path would open up lucrative states like California & Texas; (2) the model offers chance to avoid paying those tremendously onerous state taxes (sure parlays and other sucker bets are more profitable, but the opportunity to avoid paying maybe 50% state taxes is awfully powerful). Given that all the state opposition to Kakshi could succeed in the courts, and Trump Kalshi support might not last beyond 4 years, these highly conditional comments about the most one could expect.
For sure, but I was more highlighting the comments that seem to imply the opportunity is overhyped and they are unlikely to put most of their eggs into the prediction market basket. My own feeling is that it's disruptive, but not the game-changer people believe (or perhaps would like) it to be.
I am not sure what you would ever expect from comments about prediction markets by these already established sports betting franchises, all of whom are currently under the control of state entities or negotiating with states that do not currently offer sports betting. Yes, we all know that (1) the Kalshi path would open up lucrative states like California & Texas; (2) the model offers chance to avoid paying those tremendously onerous state taxes (sure parlays and other sucker bets are more profitable, but the opportunity to avoid paying maybe 50% state taxes is awfully powerful). Given that all the state opposition to Kakshi could succeed in the courts, and Trump Kalshi support might not last beyond 4 years, these highly conditional comments about the most one could expect.
For sure, but I was more highlighting the comments that seem to imply the opportunity is overhyped and they are unlikely to put most of their eggs into the prediction market basket. My own feeling is that it's disruptive, but not the game-changer people believe (or perhaps would like) it to be.