“prediction markets are replaying the daily fantasy sports playbook, state by state”
Dustin Gouker draws structural parallels between the rise of prediction markets today and the daily fantasy sports boom of 2013-2015. He maps four similarities: duopoly dynamics, state regulatory pushback, industry self-regulation attempts, and casino industry opposition. Written by someone who covered both industries, it provides a grounded perspective on where the prediction market story arc might lead.
No technical background needed
Platforms mentioned: Polymarket, Kalshi, Robinhood