Morning Brew Daily Kalshi is Scaring DraftKings & How Do You Sell $102M of Louvre Loot?
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Oct 23, 2025 The discussion heats up as prediction markets shake up the sports-betting scene, with NHL and DraftKings asserting their turf. Meta faces industry pressures by slashing AI roles while the race for superintelligence continues. The Louvre's shocking daylight heist leads to a deep dive into the $102 million theft and the challenges of reselling historical jewels. Meanwhile, a surprising find in Iceland marks the arrival of mosquitoes, and Florida's python hunts gain traction, igniting concerns over unintended consequences.
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Prediction Markets Are Eating Into Sportsbooks
- The NHL's licensing deals with Kalshi and Polymarket legitimize prediction markets in sports and threaten traditional sportsbooks.
- Kalshi and Polymarket's federal regulation and flexible contracts offer bettors broader access and liquidity than state-limited sportsbooks.
DraftKings Bought Its Way Into Prediction Markets
- DraftKings bought Railbird Technologies for $250 million to launch its own prediction-market offerings.
- The acquisition reflects how threatened incumbent sportsbooks feel about Kalshi and Polymarket growth.
Federal Rules Give Prediction Platforms An Edge
- Prediction markets operate under CFTC federal rules as financial exchanges instead of state-by-state gaming laws.
- That national regulatory footing lets them reach users in states where sportsbooks are limited or banned.