How Sports Sharps Are Using Prediction Markets Right Now (Episode 982 with Adam Levitan, Nigel Eccles, Henry Kerins, Sports_Projections)
5/21/20261 hr 14 min
Adam Levitan takes a deep dive into the expanding world of projection markets, gaining insight from those spearheading the market from guests Nigel Eccles, former FanDuel founder and founder of BetDEX and BetHog, Henry Kerins, who serves as the VP of Trading at Novig, and @Sports__Proj, a former DFS Shark turned anonymous Prediction Market While from The Risk Takers Podcast.
Timestamps:
0:00 - Introduction
2:05 - How Prediction Markets Work Compared To Sportsbooks
6:32 - Are Prediction Markets Better For Consumers?
11:00 - Benefits Beyond The Lack of Limiting
17:17 - PMs And States Without Legalized Gambling
21:20 - Does Opposing Side Matter In Market Making?
25:15 - Marketing For Prediction Markets
28:54 - Advice On Market Making For Non-Professionals
39:29 - Experts On The Merits Of Taking
43:44 - How Retail/Casual Traders Can Gain An Advantage
46:32 - The Regulatory Outlook on PMs
49:59 - Listener Questions
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Clips
Transcript preview
First 90 secondsAdam Levitan· Host0:10
[upbeat music] Hello, and welcome to episode 982 of the official establishtherun.com podcast. My name is Adam Levitan. I am one of the co-founders here at ETR, and prediction markets have officially taken over the sports gambling world. So we thought it was time, uh, frankly past time, to learn as much as we can about prediction markets. To do this, I am joined by three distinguished guests. First up, Nigel Eccles founded FanDuel in 2009. Changed my life in the process, uh, personally. But anyways, Nigel left FD in 2017, has since founded Betdex and Bethog. Appreciate you being here today, Nigel. How's it going?
Nigel Eccles· Guest0:55
Yeah, it's great. Thank you. Thanks for having me on the show.
Adam Levitan· Host0:58
Also here, Henry Carrens, VP of trading at Novig, which just raised $75 million. #howrich. Could tell very quickly, Henry, one of the sharpest people in the space. Henry, how's it going today?
Henry Kerins· Guest1:10
Um, super excited to be here. Long time listener, first time caller.
Adam Levitan· Host1:14
[laughs] And I also wanted to have #oneofus on here. He goes by sports_predictions, uh, sports_projections. We'll call him SP. He needs to remain anonymous because he has a real-life job. But