Prediction markets could reach scale fast enough to hit “exit velocity” and become an accepted part of the legal gambling ecosystem, according to industry investors on a panel on the rising vertical Wednesday.
At the Next.io conference in New York, nVenue Chief Operating Officer Quinton Singleton and Discerning Capital Managing Partner Davis Catlin spoke on a panel titled “Pardon the D̶i̶s̶r̶u̶p̶t̶i̶o̶n̶̶ Predictions.”
The discussion focused mostly on prediction markets and the potential for investment opportunities in the space. It came days after a report claiming that both Kalshi and Polymarket were seeking fundraising at valuations of $20 billion. That would make both companies more valuable than Flutter Entertainment, which owns FanDuel alongside a number of other major betting brands across the world.
