Sports betting casinos under threat

[EarnOnVictor]

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 overthinking this, and some of your claims are wrong. For instance, Polymarket is not KYC-free, and this is applicable to lots of them, except those ones that are hiding under some DEX's style to operate.

Now, about the operations itself, first, prediction betting is some form of gambling, so it's still within the industry. Second, you have to acknowledge the difference in industry styles. Many people that cannot indulge themselves in the regular casino gambling style are increasingly indulging themselves in the prediction style. This increases the success rate of the division, but it's no treat to the existing gambling way, since their systems are different.

[stompix]

Hahhaha, and you actually believe this will last?
Go back to 2013 and show me one crypto casino demanding KYC, no let's revise this for 2026 !

Polymarket and Kalshi run on investors' money, wait til thoseinvestors demand their money and interest, where do you think it's going to come from?

I saw a post on Twitter that showed the profit from 20 bets on Kalshi (winning ones) was less than the profit from the same bets at a traditional bookmaker. They're already charging commissions, and Polymarket will be starting to do the same at the end of this month. As for the KYC, it's generally strict at Kalshi (that's US regulation, right?), while Polymarket hasn't had any issues with this yet, but that's until regulators start complaining.

No idea on the odds and returns, like I have zero data that I could use to do the math on what is what.

But fast forwarding to regulations, Polymarket has already found out what regulations are, they have been fined by the CFTC, banned from operating for 3 years in the US, and even with all the support from the administration, even the us version will still be banned in some states and they are a completely different version than the international one.
Polymarekt.us will be fully KYC and AML, and only sportbook not politics all licensensed.

[CryptoHeadlineNews]

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 literally don't see this as a threat to Sports betting, because inasmuch as Sport games exist and people still enjoy watching it, I'm 100% sure that they will always and definitely keep gambling on their favorite respective teams to either win or qualify for the next stage in the Sports. Because what the prediction market does is to allow users gamble on different day to day events that happens around our surrounding, such as gambling if will Elon Musk or Donald post today or not, or if will their post gets 10million views after 24hrs or not., and lots more other things been gambled, which made it's introduction grabbed lost of attention when this type of gambling was launched. But one thing certain is that this game can never replace Sports betting.

[suzanne5223]

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 have a point, and that's why i believe the sports betting gambling platform needs to upgrade its model of service so it won't be obsolete. However,
i disagree with some of the advantages you stated for the prediction market, which you stated will give it an edge to take over sports betting, which are the privacy and no KYC requirement, because we have some casinos like 2UP.io, which do the same thing.
Aside from that, if you remember, 99.9% of all online casinos included privacy and no KYC before, until there is huge user abuse that triggers KYC, happened so we should expect  99.6% of all prediction markets to adopt the KYC requirement in the future due to their model of service.

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 see it affecting all sports betting platform neither did i see any worst-case scenario happen. However, it is too early to judge now. Let's wait and see what happens in the future.

[KTChampions]

I saw a post on Twitter that showed the profit from 20 bets on Kalshi (winning ones) was less than the profit from the same bets at a traditional bookmaker. They're already charging commissions, and Polymarket will be starting to do the same at the end of this month. As for the KYC, it's generally strict at Kalshi (that's US regulation, right?), while Polymarket hasn't had any issues with this yet, but that's until regulators start complaining.

No idea on the odds and returns, like I have zero data that I could use to do the math on what is what.

But fast forwarding to regulations, Polymarket has already found out what regulations are, they have been fined by the CFTC, banned from operating for 3 years in the US, and even with all the support from the administration, even the us version will still be banned in some states and they are a completely different version than the international one.
Polymarekt.us will be fully KYC and AML, and only sportbook not politics all licensensed.

I've heard about this and can say that in this format, I'm completely satisfied with it. My interest is in dealing with projects without the lousy regulations from the US (and Europe, haha). The ideal option would be if Polymarket had some kind of formal Curaçao license or something like that and completely ignored the US, but unfortunately, it is clear that this is the most profitable market and they are interested in it.

[SquallLeonhart]

Of course not. Because KYC is not something that casinos want or wishes, they do it to be legal, and prediction markets which does not, are illegal. That's what we need to know, polymarket is illegal, no matter how many official stuff  they do, they are illegal, it is just not being seized right now, but believe me, they are.

It is sort of like early days of pokerstars, which was banned many times, before they turn fully legal. Wait and see, betting is still vast in all other places, and polymarket will need to become official in sec and irs ways, to become bigger.

[ScamViruS]

I don't think that the attraction of gamblers towards sports betting is decreasing. I see around me that the number of gamblers is constantly increasing, they are becoming more attracted to sports betting. However, it is also true that the growth of the prediction market is attracting people, but the fact that the business of casinos and sports betting sites is decreasing at once as a result of that does not seem very acceptable to me. Perhaps we will see in more detail in the coming days how much more bettors prioritize prediction markets over sports betting.

[silpersurfer]

Will not be threatened, as long as the sport is still a favorite sport, fans in each league or championship will continue to grow and that is where the gamblers will continue to grow, more and more people believe that betting is one of the support for their favorite team it also helps sports betting will not be extinct, sports betting has survived from centuries, even when the explosion of slot games that are very interesting in playing it does not close or prevent sports betting from continuing to experience significant growth.

[aylabadia05]

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

In my opinion, the rise of the prediction market won’t have the impact that some fear, because sooner or later the popularity of the prediction market will go through a reversal—shifting from growth to decline.
Given these differences, I think casinos that offer only sports betting will remain popular, because the purpose of sports betting is profit and entertainment, not prediction. In terms of how sports betting works, I’d say there’s an element of live betting involved.

[shinratensei_]

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.

What you said is actually a baseless opinion. The data has told us how sportbetting keeps growing even higher in term of volume and gamblers. So, it makes sense when you're seeing a prediction market as a threat for the sportbetting caused by basically sportbetting casino or prediction market are almost the same.
However, prediction market can be manipulated caused by it also depends on how deep the liquidity. I'm sure people still prefer when they bet, they win instead of when they bet, they win, they may lose their profit due to the slippage. Bro, prediction market is not as simple as you expected.

Do you think this will affect all casinos that offer sports betting?

I don't think it will affect casino sport betting. Look at the chart and you will see how steady the growth of sport betting casino. Just one or two prediction market won't give impact to it.

What do you think will be the worst-case scenario for casinos?

There will be no worst case to happen. Majority of prediction market are garbage. They're lacking of liquidity, which is affecting the gamblers a lot when betting due to slippage. it makes me sure casino sport betting still preferable.

[Slow death]

I see around me that the number of gamblers is constantly increasing, they are becoming more attracted to sports betting. However, it is also true that the growth of the prediction market is attracting people

With the increasing number of people using smartphones and betting sites striving to operate under local licenses in each country, it has become much easier for people who don't use cryptocurrencies to use deposit options in local fiat currency and local payment methods, thus driving the continued growth of many betting sites. I say this because I've seen a large number of new betting sites open in my country every year.

These are licensed betting sites with physical offices in my country, allowing bettors to deposit in my country's local currency using bank accounts and e-wallets. These betting sites sponsor many events of all kinds, from sports to culture.

So this isn't something that will decrease because of the prediction market. Just look at the fact that there aren't any local prediction market websites in my country, and I highly doubt any will appear anytime soon. Also, all betting sites in my country require KYC (Know Your Customer), and I've never seen anyone complain about KYC.

[Floxynice]

As much as I know, any platform can do well if they include betting in their services. Sports betting is widely known and used by thousands of sports fans all over the world.  Polymarket may be a close competition to casinos, but it does not have the capacity to affect casinos negatively when it comes to betting. It is just too impossible for sports betting casinos to be thrown out of the market just like that. With the numerous services they render, sports betting will still remain in operation with or without its competitor, polymarket.

[nimogsm]

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 don't see even the slightest threat to casinos at the moment. In my opinion, the polymarket is a narrower niche, but with big money, many countries are already interested in blocking access to the platform within their own countries (it's ineffective). Sports betting has always been, is, and will be, and in my opinion, it's becoming more and more

[nelson4lov]

~Snip

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

Casinos and sportsbook will continue to exist. If push comes to shove, most pf them will add their very own prediction market. Most pf the dual gambling houses you see today (Casino + Sportsbook) didn't start with both. Some pf these platforms added sportsbook later when they discovered that they were leaving money on the table by not offering a sportsbook. It's the same way prediction market will be added so I don't think things will get worse for today's casino/sportsbooks.

Also, I don't think it would be long anymore before we see regulations for prediction markets.

[Cantsay]

I think it’s also important to point out that despite the whole noise and hype around prediction markets there are thousands if not millions of people who don’t like it because of the market that they allow there, and I personally don’t like it because of the fact that they allow people to bet on things that are directly affecting the lives of people especially wars and natural disasters.

If you don't like war or natural disaster markets, why do you even bother visiting those sections? I simply can't understand the logic of those who don't like something, but instead of focusing on what they like, they focus on preventing others from doing what they like.

This is not me preventing anyone from doing why they like, one man’s meat is another poison, th fact that I didn’t like the war aspect and natural disasters market or any other aspect that had to do with the suffering of people doesn’t mean I should be quiet about it because it would affect how others view it. If someone that likes prediction market should read my post it’s going to do little to nothing to their love, the same way reading a post about someone who loves prediction market post.

[bitgolden]

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 overthinking this, and some of your claims are wrong. For instance, Polymarket is not KYC-free, and this is applicable to lots of them, except those ones that are hiding under some DEX's style to operate.

Now, about the operations itself, first, prediction betting is some form of gambling, so it's still within the industry. Second, you have to acknowledge the difference in industry styles. Many people that cannot indulge themselves in the regular casino gambling style are increasingly indulging themselves in the prediction style. This increases the success rate of the division, but it's no treat to the existing gambling way, since their systems are different.

It's not? I have never shared my KYC and yet did used them to test it out. Maybe it has changed ever since I used, or maybe it requires over a certain amount. At the time, I threw in like 20 bucks and made small bets to see if it works as intended but this was long ago, when they first getting famous, been months, maybe over a year now I am guessing.

In any case, there is trouble at KYC anyways, if a place is not getting KYC, then it means it's an illegal website so there is always a risk.

[EarnOnVictor]

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 overthinking this, and some of your claims are wrong. For instance, Polymarket is not KYC-free, and this is applicable to lots of them, except those ones that are hiding under some DEX's style to operate.

Now, about the operations itself, first, prediction betting is some form of gambling, so it's still within the industry. Second, you have to acknowledge the difference in industry styles. Many people that cannot indulge themselves in the regular casino gambling style are increasingly indulging themselves in the prediction style. This increases the success rate of the division, but it's no treat to the existing gambling way, since their systems are different.

It's not? I have never shared my KYC and yet did used them to test it out. Maybe it has changed ever since I used, or maybe it requires over a certain amount. At the time, I threw in like 20 bucks and made small bets to see if it works as intended but this was long ago, when they first getting famous, been months, maybe over a year now I am guessing.

TBH, I was just laughing when I read your "it's not?," but it's fine that you later "even" it down. You need to know that time flies, and so are developments, especially as regulators are on their necks. Even the Stake you campaign for never forced KYC on customers for years until 2024 that it became "a must." Time passes and things change.

If you've not experienced it doesn't mean many others are not, Polymarket is not no-KYC. Some countries like the US are even mandated to do compulsory KYC since last year, and there are regulatory variations in this regard depending on your country/region. The size of the money you are moving in and out is another factor to consider.

[Porfirii]

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 don't see even the slightest threat to casinos at the moment. In my opinion, the polymarket is a narrower niche, but with big money, many countries are already interested in blocking access to the platform within their own countries (it's ineffective). Sports betting has always been, is, and will be, and in my opinion, it's becoming more and more

I agree with your opinion that they are not a big threat, because although it is true that new actors are entering the scene, the market is also getting bigger, so I believe that not only is there room for everyone but there is room for everyone to continue growing, at least for the moment.

Time will tell, but I don't think sportsbooks should have reason to worry.

[alegotardo]

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?

No!!! I do not think this is a real problem. I know that market of prediction also allow us to place that type of bet if you want, but it is much more simpler than sports book, they do not allow us to do multiple bets (as far as I know), and they are also much more limited in terms of the type of bets (just win or lose).

Have you ever see a prediction market on the same game offers bets for win/loss, goals, yellow/red cards, fouls, ball possession, corners and others more? That does not exist! Only sports betting sites have so much variety... they who not disappear or even lose ground to prediction sites.

I've seen more and more different and "bizarre bets" options at prediction sites, but they is very simple and shallow bets, and that is why I am sure that sports bet will continue for a long time on online sites in the current model.

[stompix]

~

I've heard about this and can say that in this format, I'm completely satisfied with it. My interest is in dealing with projects without the lousy regulations from the US (and Europe, haha). The ideal option would be if Polymarket had some kind of formal Curaçao license or something like that and completely ignored the US, but unfortunately, it is clear that this is the most profitable market and they are interested in it.

Yeah that won't work longtime and they know it
- The US is out of it with an us version there goes half of the money
- Uk and the Commonwealth that share nearly the same legislation (australia,nz, canada)  you're done also
- the EU is a block itself, you want to get rid of that too, you're left with...

Nothing to satisfy investors, they will sooner or later start on acquiring real licenses everywhere.