Landscape of Public Company Exposure to Prediction Markets, Sports Betting, and Gambling
This landscape organizes companies by focus type (Prediction Markets, Sports Betting, Gambling Ecosystem, Adjacency/Infrastructure), exposure level (Primary, Secondary, Indirect), and key themes. Tables are interspersed for clarity, and major themes are highlighted.
1. Prediction Markets: Direct Product/Platform Exposure
| Ticker | Company Name | Exposure Level | Commentary | Market Cap | Subsector |
|---|---|---|---|---|---|
| $DKNG | DraftKings Inc. | Primary (sports betting/iGaming), Secondary (prediction markets) | Launched DraftKings Predictions, connects to multiple exchanges, monetizes via transaction fees/market making | $12.40B | Gambling |
| $CME | CME Group Inc. | Secondary | Launched prediction market offering, JV with FanDuel, event contracts including sports | $113.72B | Financial Data & Stock Exchanges |
| $HOOD | Robinhood Markets Inc. | Secondary | Offers company-related prediction markets, >12B contracts traded in 2025 | $69.40B | Capital Markets |
| $IBKR | Interactive Brokers Group Inc. | Secondary | ForecastEx platform, 24/7 forecast bets, >10,000 instruments | $29.71B | Capital Markets |
| $FLUT | Flutter Entertainment plc | Primary (sports betting/iGaming), Secondary (prediction markets) | Launched FanDuel Predicts, targets new customer segments | $38.61B | Gambling |
| $BULL | Webull Corp. | Secondary | Offers prediction markets, receives exchange rebates, Super Bowl markets | $2.85B | Software - Application |
| $GEMI | Gemini Space Station Inc. | Secondary | Built Gemini predictions, seeking CFTC DCM license | $1.05B | Capital Markets |
