Bank of America analyst assesses US prediction markets’ sports betting outlook
Bank of America analyst Shaun Kelley said US prediction markets could expand into sports betting and warrant monitoring by online operators and investors. He identified a forthcoming CFTC roundtable and an expected ruling on Crypto.com’s sports contracts in late March or early April as potential adoption catalysts. Polymarket offers more than 400 sports markets, while Kalshi offers more than 40, according to the report.
Operators and investors are weighing prediction markets’ national reach against their regulatory uncertainty and competition with sportsbooks.