E285 - Jordan Bender from Citizens

On this episode of the Business of Betting Podcast, Jeff Edelstein is joined by Jordan Bender, Senior Equity Research Analyst at Citizens, for a deep dive into the rapidly evolving sports betting and prediction markets landscape.

Hear them discuss:

• How the repeal of PASPA created a fast-moving, unpredictable market where long-term forecasting has become increasingly difficult
• Why prediction market users may lose more on average and how sharper bettors are shifting into these platforms
• Why analysts and investors are now focused on quarterly performance instead of long-term fundamentals.
• How prediction markets are attracting a younger audience compared to traditional sportsbook users
• Why legalization has been slower than expected and what needs to happen for major states like New York to move forward
• Why companies like DraftKings and Flutter may be undervalued despite current headwinds
• How emerging betting formats could face increased scrutiny from regulators
• Whether prediction markets will ultimately be treated as gambling or as a legitimate financial asset class

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