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The Evolution of Online Speculation & Prediction Markets with the Founder of FanDuel | EP 58

Good Game

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Dominance Requires Compliance and Liquidity

Fandall dominates the US sports betting market with over half of the share, with DraftKings following as a strong second. Their success is due to a combination of an outstanding product, regulatory compliance, and extensive market access across states. They maintain a significant player base that is familiar with their brands, making it tough for new entrants to compete. Efforts to establish betting exchanges in the US have faltered primarily due to the inability to share liquidity across state lines, a limitation imposed by the WIRR Act. Consequently, most betting revenues remain trapped within state borders or flow to established platforms like Fandall and DraftKings, while international markets, though vast, present unique competitive challenges.

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