Genius Sports is targeting revenue of $1.2bn for FY 2028 as it pursues prediction markets, according to the report. The company outlined a three-year plan that includes its betting arm growing faster than the market, but the available details do not specify further targets.
The revenue target and growth plan provide investors with a stated measure of Genius Sports’ ambitions.
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A report tracks share-price movements among major industry players during September, including Better Collective, Rank Group and Genius Sports. Its headline refers to Brazil’s ban and tax changes, but the available text gives no figures or company-specific movements.
Genius Sports has launched Prediction.com, a consumer platform that compares markets, prices and probabilities from multiple prediction-market operators. Developed through its Legend division, the service displays market information but does not let users trade contracts. In Italy, the report says, the platform may show prices from sites blocked by ADM without restoring direct access or enabling trading.
Genius Sports launched a prediction markets affiliate combining pricing and live sports data. Analysts expect investors to assess whether Legend helps Genius capture more prediction markets business.
Genius Sports launched a prediction markets affiliate site, Prediction.com, on Thursday, the company said. The site aggregates pricing and market information from multiple prediction market operations and combines it with live sports feeds, according to the company. It was developed by Legend, Genius Sports' consumer media and technology unit, which the company acquired last year for $1.2bn.
Genius Sports chief executive Mark Locke told investors that the company provides data, settlement and integrity services to prediction-market platforms, and data and pricing to market makers. Locke said Genius Sports already has agreements with Kalshi and Polymarket and argued that demand for sports wagering could persist even if individual platforms struggle. The company also serves traditional sportsbooks through its data and media businesses.
Genius Sports chief executive Mark Locke expects prediction markets to remain part of US sports wagering. The report also said Genius Sports recently secured two event-contract settlement agreements.
Genius Sports chief executive Mark Locke expects prediction markets to remain part of US sports wagering, the company said in a letter to investors on Monday. The company recently secured event-contract settlement agreements with two prediction market operators, according to the letter.