Bernstein Sees Prediction-Market M&A Wave as Platforms Integrate
Prediction-market operators are bringing trading infrastructure in-house, a rapid shift that could trigger a wave of acquisitions across crypto platforms, sportsbooks, brokerages and standalone exchanges, according to analysts at Bernstein. In a research report on Monday, Bernstein said the industry is going through “operational consolidation,” with major platforms moving to control more of the prediction-market…