With the addition of spreads, totals, and touchdown props, Kalshi is expanding its football prediction markets. Although parlays and a variety of player props continue to give sportsbooks the advantage, this expansion presents new competition for the $9M preseason volume that they already have.
Kalshi is growing its NFL and college football prediction markets that are available for trading nationwide.
On Monday, Kalshi self-certified three markets: spread, totals, and touchdown props. Because of this growth, sports predictions now pose a greater threat to licensed sportsbooks nationwide when it comes to football betting.
Kalshi has so far provided NFL preseason game markets that predict each game’s winner. Kalshi has seen about $9 million in preseason gaming volume in just two weeks.
That volume would rise dramatically with the addition of touchdown props, spreads, and totals.
Sportsbooks continue to hold an edge over forecasts.
Player props and parlays are the two key reasons why most mass-market gamblers will continue to choose legal, regulated sports betting sites.
Sportsbooks offer a far wider selection of prop bets on a variety of statistics, even though Kalshi now permits wagers on who will or won’t score a touchdown.
If prediction markets stay small, it is simple to understand why many bettors will continue to choose sportsbooks for NFL betting when you consider that you may parlay almost any wager that is available.
Jason Robins, CEO of DraftKings, stated, “We are actively looking for ways to increase shareholder value through this opportunity and continue to monitor events surrounding federally regulated prediction markets.” “We will collaborate as we assess the next steps, and we value our relationships with both industry stakeholders and policymakers.”
Courtesy: https://sportshandle.com/, https://www.cbssports.com/, https://www.bettingnews.com/, https://www.covers.com/
