Comment by xeyownt
10 hours ago
Typo. It's obvious it can't be a revenue. Previous paragraph is dealing with the size of online gambling industry, next paragraph is about the same but for prediction market.
10 hours ago
Typo. It's obvious it can't be a revenue. Previous paragraph is dealing with the size of online gambling industry, next paragraph is about the same but for prediction market.
Well, the previous paragraph compares how much people bet online with how much people spend on airfare, which also isn't quite right. It assumes 100% of what people bet is lost. For sure, the house always wins, but the amount lost is probably closer to 50-60% of what is quoted.