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Stock impact report

Can These 3 Companies Turn the Prediction Market Sector Into Serious Profit? [Yahoo! Finance]

Robinhood Markets, Inc. - Class A (HOOD) 
Company Research Source: Yahoo! Finance
Flutter Entertainment has a similar plan up its sleeve, with its ongoing launch of FanDuel Predicts. Prediction markets could prove to be the next great frontier for Robinhood Markets to conquer. 10 stocks we like better than DraftKings › Over the past year, prediction markets like Kalshi and Polymarket have received regulatory approval to offer sports-based prediction contracts. Following this, they have fast become key competitors to traditional sportsbooks. Admittedly, concerns about prediction sites disrupting the likes of DraftKings (NASDAQ: DKNG) and Flutter Entertainment 's (NYSE: FLUT) FanDuel have perhaps been overblown. According to sell-side analyst Citizens' Jordan Bender, the emergence of these platforms has so far resulted in a 5% decrease in overall betting handle for the legal, regulated U.S. sportsbooks. Then again, as these platforms offer numerous advantages, the industry isn't sitting on its laurels. DraftKings and Flutter, as well as financial services Show less Read more
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