NFL Season Impact on Sports Betting: The NFL season's early weeks show a structural hold rate for online sportsbooks aligning with estimates, which is positive for companies like DraftKings and Flutter Entertainment, suggesting a potential breakout year for betting hold rates.
Kalshi's Market Growth: Kalshi has rapidly grown to dominate the prediction market sector, accounting for 62.2% of global volume, and has integrated its services with Robinhood Markets to allow users to trade on NFL and college football outcomes.
Emergence of Polymarket: Polymarket is set to launch in the U.S. on December 1 after regulatory approval, aiming to provide betting markets on major events, including NFL games, and has already begun select access for users.
Prediction Markets' Influence: Analysts note that prediction markets could significantly impact states where sports betting is not legal, highlighting their growing importance in the overall betting landscape.
Wall Street analysts forecast BETZ stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BETZ is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Analyst Rating
Wall Street analysts forecast BETZ stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BETZ is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Buy
0 Hold
0 Sell
Current: 19.270
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Current: 19.270
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Averages
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
