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View More NewsPrediction markets are exciting, but they’re not reliable wealth builders for retail users. Research by Citizens shows that retail prediction market users are losing more money than legal sports bettors, with the sharpest traders and market makers capturing returns on the other side of their flow which. The research note also reveals the platforms are drawing a younger demographic than traditional sportsbooks.The median return for a prediction market user was -8% from July 2025 through mid-March, compared with -5% for sports book users over the same period, Citizens JMP Securities analyst Jordan Bender wrote, citing transaction data from analytics company…
Morning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt. And check out our new daily news show covering all of the top stories in 5 minutes or less, downloadable on Apple Pod or Spotify.GM!Today’s top news: Crypto majors grind higher, SOL leads; BTC +1% at $71k Saylor gets access to another $42B+ in MSTR and STRC ATM programs Congressmen introduce bipartisan bill banning sports betting in pred markets Polymarket introduces referral program and new fee structure Elizabeth Warren comes after Mr. Beast’s new banking app and…
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