Bernstein says prediction-market infrastructure rush could spark wave of M&A across consumer platforms

60-second summary

Bernstein analysts predict a surge in M&A activity across consumer platforms, driven by the rapid growth of prediction-market infrastructure. DraftKings' DKeX launch keeps revenue in-house, consolidating the market. This trend reshapes trading and betting platforms, with Bernstein expecting a wave of acquisitions to follow, potentially altering the competitive landscape and impacting market share.