Key Takeaways:
Polymarket and Kalshi hit $2B in World Cup bets before June 11, next disrupting old sportsbooks.A SEON survey shows 19% of US adults favor prediction platforms, squeezing crypto betting apps.Minnesota and 2 states target Polymarket and Kalshi to classify them under local gambling laws.Spain, the team that clinched victory in 2010, is considered the favorite on both platforms, with odds of winning this year’s cup reaching 16%. France trails with close to 16%, with Portugal and England following. At the other end, long-shot bets have been made in teams like Saudi Arabia, Qatar, Cape Verde, and Panama, which would yield returns of thousands of times the amounts invested if any of these teams win the trophy.
