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Making your bets solely based off “public betting numbers” reported by a group of people who literally work for sportsbooks is an absolute death sentence to your sports betting career. Feels like Sportsbooks are intentionally tricking bettors by getting these stats published.

45,052 Aufrufe • vor 7 Monaten •via X (Twitter)

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A lot of discussion and announcements around prediction markets: purely for fun, I've built a demo app. Meet Betcha, my attempt to broaden the prediction markets TAM. 📊 Current state: Prediction markets like Polymarket and Kalshi are powerful truth-seeking tools because money on the line and arbitrage keep prices honest as new information hits. Most participants today are traders and bettors who are very fee-sensitive, so raising fees will be challenging. Growth has to come from much higher volume, which is achievable, but it will take time. 🏛️ Sportsbook/Regulatory Environment: Because CFTC-regulated event contracts create a potential path into some states that have not legalized sports betting, prediction-market rails can help sportsbooks reach markets they previously could not. Reframing parlays and prop-style outcomes as “predictions” is clever and expands reach from zero revenue in states where they can't operate sportsbooks to something. Still, these products will likely remain volume-constrained, struggling to match a traditional sportsbook’s vig. The positive is that the sportsbooks won't be getting gouged by state-level taxes as part of the process of leveraging prediction markets vs. sportsbooks. I still think this will be an exciting category that emerges, but it will take time. I want to see Polymarket build its own PM sports-specific app to compete here vs whitelabel (cc: Shayne Coplan 🦅) 📈 Market expansion thesis: Stop optimizing just for traders. Try building for the culture that lives on TikTok/Twitter/Reddit. They're already making predictions - just give them a scoreboard and an easier way to participate in returns. 🎪 Behavioral unlock: The mass market will never identify as "bettors." They want social proof, bragging rights, and gamified experiences. Critically, they're far less fee-sensitive when entertainment value is high, and that's the opportunity Prediction markets have a volume and take rate dilemma, and I think fun consumer apps like this can help solve it. Fine-tune the algorithm to serve event contracts I actually care about, let me lock in a pick fast, and build simple social features on top. Anyway, here's my demo. Any feedback/discussion is welcome!

Ryan Wyatt

83,651 Aufrufe • vor 11 Monaten