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Neil Freiman

πŸ‘€ Speaker
8739 total appearances
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Morning Brew Daily
SpaceX is the Biggest IPO in History & World Cup Wagers Reach $50B

This is only going to grow to even more billions.

Morning Brew Daily
SpaceX is the Biggest IPO in History & World Cup Wagers Reach $50B

So prediction markets, people are definitely flocking to prediction markets to place their wagers.

Morning Brew Daily
SpaceX is the Biggest IPO in History & World Cup Wagers Reach $50B

But it's just crazy to think of the scale of the World Cup and how much people are wagering on this.

Morning Brew Daily
SpaceX is the Biggest IPO in History & World Cup Wagers Reach $50B

So I looked at the Super Bowl.

Morning Brew Daily
SpaceX is the Biggest IPO in History & World Cup Wagers Reach $50B

So how much was legally wagered on the Super Bowl across regulated US sportsbooks?

Morning Brew Daily
SpaceX is the Biggest IPO in History & World Cup Wagers Reach $50B

1.76 billion.

Morning Brew Daily
SpaceX is the Biggest IPO in History & World Cup Wagers Reach $50B

And they're expecting...

Morning Brew Daily
SpaceX is the Biggest IPO in History & World Cup Wagers Reach $50B

No, I'm going to say the answer because I don't think you would have gotten it.

Morning Brew Daily
SpaceX is the Biggest IPO in History & World Cup Wagers Reach $50B

1.76 billion compared to 50 billion for the world cup, the world cup final in Qatar in 2022, 1.5 billion people watch the final 5 billion people watch the whole competition.

Morning Brew Daily
SpaceX is the Biggest IPO in History & World Cup Wagers Reach $50B

1.5 billion people is one fifth of the entire global population.

Morning Brew Daily
SpaceX is the Biggest IPO in History & World Cup Wagers Reach $50B

So everything, however big 200 million people watch the super bowl.

Morning Brew Daily
SpaceX is the Biggest IPO in History & World Cup Wagers Reach $50B

So however big you think the super bowl is, I mean, the world cup is just so much bigger and,

Morning Brew Daily
SpaceX is the Biggest IPO in History & World Cup Wagers Reach $50B

And with more attention, more legal wagering, this money is going to be bet on.

Morning Brew Daily
SpaceX is the Biggest IPO in History & World Cup Wagers Reach $50B

I think I'm maxing out my betting at just like $50.

Morning Brew Daily
SpaceX is the Biggest IPO in History & World Cup Wagers Reach $50B

Just one pool, it's too much.

Morning Brew Daily
SpaceX is the Biggest IPO in History & World Cup Wagers Reach $50B

Too much.

Morning Brew Daily
SpaceX is the Biggest IPO in History & World Cup Wagers Reach $50B

And also a lot of wagering oversight nonprofits are saying, this is going to get so many more people hooked on gambling.

Morning Brew Daily
SpaceX is the Biggest IPO in History & World Cup Wagers Reach $50B

And we've already documented all of the ills of that to society.

Morning Brew Daily
SpaceX is the Biggest IPO in History & World Cup Wagers Reach $50B

But either way, people are going to do it.

Morning Brew Daily
SpaceX is the Biggest IPO in History & World Cup Wagers Reach $50B

It's just the biggest competition in the world.