World Cup Could Bring Billions in Volume to Prediction Markets in 'Watershed Moment': Bernstein
60-second summary
The 48-team FIFA World Cup is poised to be the largest catalyst for online sports betting in history, according to Bernstein, potentially bringing billions in volume to prediction markets. This is considered a watershed moment for the industry, with analysts expecting a surge in activity and revenue from the global event.
The 48-team FIFA World Cup tournament is expected to be the single largest catalyst for online sports betting in history, Bernstein said.