Bloomberg Business of Sports
US Open Primer and a New Sports Betting Marketplace
Sep 1, 2023
Bloomberg Economics editor Molly Smith joins special guest hosts Jason Kelly and Vanessa Perdomo to discuss the next generation of female players in tennis. They also delve into the controversy surrounding Spanish soccer, and explore how WagerWire and Profit Exchange are revolutionizing the sports betting industry. Plus, a preview of the NFL season with the New York Jets and their new star quarterback, Aaron Rodgers.
34:50
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Quick takeaways
- Wagerwire and Profit Exchange are creating new experiences in the sports betting industry by bringing financialization and options trading to sports gambling.
- The arrival of Zach Roder to the New York Jets has generated significant media coverage and shifted public perception, potentially impacting both his brand and the team's reputation.
Deep dives
Wagerwire and Profit Exchange: Changing the Game of Sports Betting
Wagerwire is a secondary market for sports bets, allowing users to treat their bets as assets that can be bought and sold. They aim to bring financialization to sports betting and provide new trading strategies. On the other hand, Profit Exchange is a peer-to-peer high-frequency betting exchange similar to options trading. They match peers and market makers to provide a unique betting experience. Both platforms are catering to the demand for better pricing and trading options in the sports betting industry.
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