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FanDuel wants to carve a sports niche in the controversial prediction market business

Summary by KIFI

By Clare Duffy, CNN New York (CNN) — FanDuel has built a large and growing business with its sports betting app, becoming the largest online sportsbook in the United States. But online sports gambling remains illegal in many states, which is why it’s getting into the booming — and controversial — prediction market business. Billions of dollars are exchanged weekly on prediction market platforms such as Kalshi and Polymarket. Bets range from whic…

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FanDuel wants to carve a sports niche in the controversial prediction market business

FanDuel has built a large and growing business with its sports betting app, becoming the largest online sportsbook in the United States. But online sports gambling remains illegal in many states, which is why it’s getting into the booming — and controversial — prediction market business.

8 hours ago·Atlanta, United States

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