Oakvale Capital assesses gambling stocks amid US prediction-market growth
Business1 min read
An opinion column on a gambling industry site argued that established gambling stocks were likely undervalued amid increased interest in prediction markets. Oakvale Capital partner Sandford Loudon questioned whether the US market could support many more exchanges and discussed possible future moves by Kalshi and Polymarket into fixed-odds sports betting.
Oakvale Capital said established gambling stocks were almost certainly undervalued amid interest in prediction markets.
Sandford Loudon, a partner at Oakvale Capital, said he was sceptical that the US market could sustain many more exchanges. Loudon said Kalshi and Polymarket could eventually move into fixed-odds sports betting.