WSJ Tech News Briefing The Betting Platform Rivalry Looming Over the Super Bowl
32 snips
Jan 27, 2026 
Jared Diamond, WSJ sports reporter who covers betting and sports business, explains prediction markets and their clash with sportsbooks. Sam Goldfarb, WSJ markets reporter focused on tech and finance, discusses tumbling software stocks in an AI-driven market. They dig into prediction-market mechanics, legal loopholes, and which software names are feeling the pressure.
AI Snips
Chapters
Transcript
Episode notes
AI Is Repricing The Software Sector
- AI tools reduced the marginal value of many traditional software roles by making coding easier and cheaper.
- That realization pushed investors to reprice software firms starting around early 2025.
Tools Accelerated The Downturn
- The software-stock slump began gradually around early 2025 and accelerated with new AI coding tools.
- Release of products like Anthropic's Cloud Code intensified investor fears and drove steeper declines.
Rates Hurt Before AI Shock
- Rising interest rates and expensive borrowing had already weakened software valuations before AI fears.
- The AI risk layered on top of that earlier damage, deepening the sector's correction.