Sports betting casinos under threat

[Akbarkoe]

In the current situation, it seems that casinos focused on sports betting will begin to lose interest. This is especially evident with the increasing popularity of prediction markets like Polymarket and many others emerging. The advantages of prediction markets include privacy, no KYC requirements, and higher profits compared to casinos.

Do you think this will affect all casinos that offer sports betting?
What do you think will be the worst-case scenario for casinos?

The prediction market is still new so the regulations are not clear yet, I think it won't be long before the prediction market will require its customers to KYC, it will become a common standard later, so stay tuned!
Fomo in the beginning is very natural, some bettors are running there to try their luck and gain experience, so there will be a little bit of impact indeed, but they will definitely come back.
Football is the most loved sport in the world and betting on it will continue to grow as the world of soccer continues to grow in fans every year.

There won't be any bad scenarios, it will just lead to other innovations, such as (why don't they have their own prediction market).

[justinlamode]

In the current situation, it seems that casinos focused on sports betting will begin to lose interest. This is especially evident with the increasing popularity of prediction markets like Polymarket and many others emerging. The advantages of prediction markets include privacy, no KYC requirements, and higher profits compared to casinos.

Do you think this will affect all casinos that offer sports betting?
What do you think will be the worst-case scenario for casinos?

Prediction market is never a threat to sports betting and casino business in general, they operate under different approaches and people who play each of them or both will not give up one for the other. It is good to raise this type of concerns but I can assure you that there is no need to worry, both businesses will continue to thrive without any hindrance.

[coinlary]

Do you think this will affect all casinos that offer sports betting?
What do you think will be the worst-case scenario for casinos?

No, prediction markets can't offer all the features a casino will offer on sports betting unless they are willing to turn into a casino as well, so there will always be a clear distinction between them.

In short, there is no "worst case scenario" for casinos or betting sites. Anyone that enjoys predictions will go for it, but casinos and betting sites still hold the glory of sports betting.

[Alphakilo]

In the current situation, it seems that casinos focused on sports betting will begin to lose interest. This is especially evident with the increasing popularity of prediction markets like Polymarket and many others emerging. The advantages of prediction markets include privacy, no KYC requirements, and higher profits compared to casinos.

Do you think this will affect all casinos that offer sports betting?
What do you think will be the worst-case scenario for casinos?

The profits from the predictions market could be huge as compared to casinos, but this is more of a revelation of classification of different kinds of gamblers now with different options.
I doubt casinos would run out of business because there are still hardcore fans of casinos and the games they offer and even if the predictions market try to be creative by including some casino games or sports betting, just to lure in customers, am sure regulations would soon be enacted to limit the predictions market from infusion of such games thus making the casinos become obsolete overnight.

[uneng]

Do you think this will affect all casinos that offer sports betting?
What do you think will be the worst-case scenario for casinos?

I don't think sports betting can be negatively affected by that, because sports are still the most common subject in the world. The topics brought by Polymarket are more focused in strict niches which don't englobe the mass adopters who have been participating in sports betting. You mention privacy as an advantage when compared to traditional sports betting platforms. However, keep in mind most gamblers aren't bothered for having to share their personal informations with the platforms.

Those who care and value their own privacy also belong to a stricter niche of the internet who don't have a large impact on the bigger picture at all.

[BABY SHOES]

In the current situation, it seems that casinos focused on sports betting will begin to lose interest. This is especially evident with the increasing popularity of prediction markets like Polymarket and many others emerging. The advantages of prediction markets include privacy, no KYC requirements, and higher profits compared to casinos.

I believe the prediction market will be regulated in the future, which requires Polymarket or Kalshi to apply KYC to all users, especially the American market is usually tightening, because now there is a lot of news about Polymarket ... so gradually there will be changes.

Do you think this will affect all casinos that offer sports betting?
What do you think will be the worst-case scenario for casinos?

Will not affect... see now many crypto casinos adopt their betting markets in it.
I don't think the worst case scenario, the casinos will still have a lot of customers.

[freedomgo]

In the current situation, it seems that casinos focused on sports betting will begin to lose interest. This is especially evident with the increasing popularity of prediction markets like Polymarket and many others emerging. The advantages of prediction markets include privacy, no KYC requirements, and higher profits compared to casinos.

Do you think this will affect all casinos that offer sports betting?
What do you think will be the worst-case scenario for casinos?

You’re overthinking it, sports betting has been around for a long time, it’s one of the oldest forms, so it’s not going anywhere. Prediction markets only offer limited options in sports, while sportsbooks can offer hundreds of markets on a single basketball game.

And I think it’s also more regulated, so people’s money is better protected. Plus, there are still a lot of old school bettors who prefer to stick with what they’re used to. So there’s really no need to think it’s under threat, it’s just that the market is expanding, which is actually good for us.

[Stalker22]

I dont think so.  Prediction markets like Polymarket are more like a digital stock exchange for nerds.  The average sports bettor doesnt want that.  They are not cool compared to the betting apps and the crazy odds available on those apps.  The average sports bettor wants flashy apps and the crazy 100-to-1 parlays that markets dont really offer.  I dont think they care about prediction markets as much as we think they do.

[rbynxx]

In the current situation, it seems that casinos focused on sports betting will begin to lose interest. This is especially evident with the increasing popularity of prediction markets like Polymarket and many others emerging. The advantages of prediction markets include privacy, no KYC requirements, and higher profits compared to casinos.

Do you think this will affect all casinos that offer sports betting?
What do you think will be the worst-case scenario for casinos?

So you're into prediction market and not into sports betting? You're probably getting some confirmation bias because you're being fed that prediction market is it's infancy and it could be huge compare to sports betting that has been here for years. I don't think it will affect sports betting, it's no difference than them to be honest, what just differ was the odds they get, the market they do but I think sports will be for sports whereas prediction market will be broad. Casinos will linger, it's a tax haven to the government.

[Odogwu-Blockchain]

In the current situation, it seems that casinos focused on sports betting will begin to lose interest. This is especially evident with the increasing popularity of prediction markets like Polymarket and many others emerging. The advantages of prediction markets include privacy, no KYC requirements, and higher profits compared to casinos.

Do you think this will affect all casinos that offer sports betting?
What do you think will be the worst-case scenario for casinos?

Hey man, you are getting it wrong, your mindset has to reshift from that thought right now. That casinos offering sport betting also isn't loved or operated by larger players. Nah, that's a wrong analysis.

Casinos having more options is the major priority and has more advantage than prediction site like polymarket, infact, there are more sport bettors in the gambling industry than casino and prediction lovers.

What influences gamblers much is casinos containing sport betting also, that's why you see that stake.com having higher gamblers than others, because they offering both consistently for many years.

Other casinos should copy that for more growth.

[Z_MBFM]

In the current situation, it seems that casinos focused on sports betting will begin to lose interest. This is especially evident with the increasing popularity of prediction markets like Polymarket and many others emerging. The advantages of prediction markets include privacy, no KYC requirements, and higher profits compared to casinos.

Do you think this will affect all casinos that offer sports betting?
What do you think will be the worst-case scenario for casinos?

There are two types of gamblers, some like to play casino games and some like sports betting. So whoever likes to bet always stays in his own truck. I like to play casino games a lot and do sports betting very less, so no matter how good the opportunities are in sports betting, I will always play casino games. So I don't think that casino players will move towards it if casino platforms offer sports betting because there are two types of pleasures between the two.

[Dunamisx]

In the current situation, it seems that casinos focused on sports betting will begin to lose interest. This is especially evident with the increasing popularity of prediction markets like Polymarket and many others emerging. The advantages of prediction markets include privacy, no KYC requirements, and higher profits compared to casinos.

Do you think this will affect all casinos that offer sports betting?
What do you think will be the worst-case scenario for casinos?

Let's stop comparing prediction market to that of Casino gambling, we can't conclude by saying that because of the interest we stand to make which is more higher in prediction market will be the reason why the relevance of sports betting cannot be rendered less effective, knowing that people always want to be a matched with the current trending gambling and also managed to avoid excessive risk as the Gamble, which all these are not being maintained or well observed when it comes to poly market or prediction market.

[MRY]

In the current situation, it seems that casinos focused on sports betting will begin to lose interest. This is especially evident with the increasing popularity of prediction markets like Polymarket and many others emerging. The advantages of prediction markets include privacy, no KYC requirements, and higher profits compared to casinos.

Do you think this will affect all casinos that offer sports betting?
What do you think will be the worst-case scenario for casinos?

There are two types of gamblers, some like to play casino games and some like sports betting. So whoever likes to bet always stays in his own truck. I like to play casino games a lot and do sports betting very less, so no matter how good the opportunities are in sports betting, I will always play casino games. So I don't think that casino players will move towards it if casino platforms offer sports betting because there are two types of pleasures between the two.

Having such an emotional attachment to one specific form of game does form rather concrete constraints in terms of the other forms of entertainment to which we can turn. I suppose that psychological comfort is much more important than merely experimenting with new opportunities that would not bring the same reward. Although platforms provide a variety, the majority of logical decisions derived to keep the casino exciting is loyalty to mechanics. These choices of ours should be tolerated as an original way of pursuing our leisure moments freely.

[iv4n]

In the current situation, it seems that casinos focused on sports betting will begin to lose interest. This is especially evident with the increasing popularity of prediction markets like Polymarket and many others emerging. The advantages of prediction markets include privacy, no KYC requirements, and higher profits compared to casinos.

You are right, the popularity of prediction markets is on the rise, but so is the popularity of online casinos & sports books. The numbers are higher every year... Just a quick internet check and estimated numbers show that crypto casinos are already "a massive global machine already", Polymarket is small compared with Stake, but it's fast growing.

I guess prediction markets have more advantages than just privacy, but at the same time, casinos have their own advantages (bonuses, promotions, all sorts of things...). But your point that one of the advantages of prediction markets is higher profit compared to casinos is ridiculous... It's all gambling!

[Taskford]

In the current situation, it seems that casinos focused on sports betting will begin to lose interest. This is especially evident with the increasing popularity of prediction markets like Polymarket and many others emerging. The advantages of prediction markets include privacy, no KYC requirements, and higher profits compared to casinos.

Do you think this will affect all casinos that offer sports betting?
What do you think will be the worst-case scenario for casinos?

Let's stop comparing prediction market to that of Casino gambling, we can't conclude by saying that because of the interest we stand to make which is more higher in prediction market will be the reason why the relevance of sports betting cannot be rendered less effective, knowing that people always want to be a matched with the current trending gambling and also managed to avoid excessive risk as the Gamble, which all these are not being maintained or well observed when it comes to poly market or prediction market.

I guess those popularity is short live and people will realize that its not good to stick only on one betting option only. Yeah prediction market is kinda cool and innovative way of betting on some events, but for sure people will go back to traditional sports betting sites especially if they look for something more classic and fun way to bet on their favorite leagues and teams.

So what I think it could co exist together and maybe there's temporary decline on sports betting due to existence of prediction market, but it will be not eliminated and continue to run good as alternative betting choices of gamblers.

[eisen33]

In the current situation, it seems that casinos focused on sports betting will begin to lose interest. This is especially evident with the increasing popularity of prediction markets like Polymarket and many others emerging. The advantages of prediction markets include privacy, no KYC requirements, and higher profits compared to casinos.

Do you think this will affect all casinos that offer sports betting?
What do you think will be the worst-case scenario for casinos?

I think this won’t affect the fact that bookmakers will always offer a wider line, with a much larger number of possible outcomes, handicaps, totals, and so on. Prediction markets like Polymarket will most likely only be able to offer bets on the winner, and if I understand correctly, there are no live bets there either. So these will be two separate markets that don’t really overlap, and they can coexist in parallel.

[Kelward]

Some countries will ban prediction markets just as we habe seen some that have already banned them in their country, because they don't want to pay tax and claim that prediction market is not gambling platform. This will make gamblers in those countries still use sportbook to place their bets. It's not everyone that will switch from casinos to prediction market based on their own reasons. However, it's good for a casino to have both casino games and sportbook.

I don't see any visible threat on sports betting casinos because of prediction market, there is no how all of them cannot coexist together to give bettors more options to bet on whatever they want to. If there is any threat I think it would be on prediction markets because clearly some governments are having issues with them that is resulting to bans. I think gambling just got more interesting with the inclusion of prediction markets because as far as I know they are gambling sites even if they don't want to admit it so they won't be regulated and taxed by any government.

[Wapfika]

In the current situation, it seems that casinos focused on sports betting will begin to lose interest. This is especially evident with the increasing popularity of prediction markets like Polymarket and many others emerging. The advantages of prediction markets include privacy, no KYC requirements, and higher profits compared to casinos.

Do you think this will affect all casinos that offer sports betting?
What do you think will be the worst-case scenario for casinos?

I doubt that polymarket will make sports betting gone. It’s the foundation of online betting and sports bettor will always keep coming back when the hype on prediction market was gone especially that manipulation is high on that place.

It’s like Bitcoin and altcoins. Many will by altcoins but still people will keep coming back on holding Bitcoin because it’s the best.

So far sports betting industry is still profitable even with the hype on prediction market.

[Yaunfitda]

In the current situation, it seems that casinos focused on sports betting will begin to lose interest. This is especially evident with the increasing popularity of prediction markets like Polymarket and many others emerging. The advantages of prediction markets include privacy, no KYC requirements, and higher profits compared to casinos.

Do you think this will affect all casinos that offer sports betting?
What do you think will be the worst-case scenario for casinos?

Nah, you are just overthinking, remember that this prediction markets are just recent, while sports betting has been with us since the inception of crypto base online gambling. And we have already regulations in place, like KYC. So sports betting is already safe or at least casino base. As compare to prediction market very new, like a wild wild west because there are no regulators going after them. But now, it seem that they are nowt the target of it. So in order to survived, they will have to go under the umbrella of regulators simply as that. There's nothing in the crypto sphere at least that regulators are not going to touch, including this new prediction markets like Polymarket and Kalshi. If they are not willing to cooperate they it's going to be very hard for them to exist as they will be ban by countries like what Polymarket is experiencing right now.

[Die_empty]

In the current situation, it seems that casinos focused on sports betting will begin to lose interest. This is especially evident with the increasing popularity of prediction markets like Polymarket and many others emerging. The advantages of prediction markets include privacy, no KYC requirements, and higher profits compared to casinos.

Do you think this will affect all casinos that offer sports betting?
What do you think will be the worst-case scenario for casinos?

If you think these prediction markets will make casinos lose customers because of privacy and KYC, it might not be true. Polymarket and others have started requesting KYC in some countries. So this might continue in the future, which means there will be no privacy. I also don't think that prediction platforms offer more profits than casinos.

Both casinos and prediction sites will keep existing. The sports betting market keeps growing because sports are very popular. The worse case sceneria is that prediction sites might start offering traditional sports betting or even casino games.