<p>🎙️ <a href="https://next.io/" target="_blank">NEXT.io</a> Podcast <a href="https://www.youtube.com/hashtag/263" target="_blank">#26</a>5 with Alexander Kane, CEO and Founder of Sporttrade</p><p>In 2017 - a full year before the US Supreme Court even legalized sports betting - Alex Kane was already building something nobody asked for: a sports exchange.</p><p>Now, prediction markets are valued higher than Flutter, the world&#39;s biggest gambling company. So was Alex just early, or did he see something everyone else missed?</p><p>⏰ Timestamps:</p><p>00:00 - Intro &amp; Sponsors</p><p>01:33 - Who is Alex Kane and what is Sporttrade?</p><p>02:28 - The Robinhood moment that sparked the idea</p><p>04:40 - Why Betfair failed and why the US is different</p><p>08:11 - The early years: building a sports exchange before it was legal</p><p>11:35 - Where Sporttrade fits in the prediction market boom today</p><p>16:56 - Why the boom happened now and not before</p><p>22:06 -The impossible debate: is this gambling or a financial tool?</p><p>28:21 -Both things can be true </p><p>31:46 -Exchange model vs. house model and responsible gambling</p><p>37:08 - Market manipulation: the hardest unsolved problem</p><p>41:18 - Kalshi at $22B vs Flutter: bubble or breakthrough?</p><p>45:00 - What are perpetual futures and why do they matter?</p><p>49:31 - Prediction markets as a top-of-funnel product</p><p>56:08 - What happens to DraftKings and FanDuel?</p><p>01:01:44 - Alex&#39;s 3 predictions for the industry in 3 years</p><p><br></p><p>🔔 SUBSCRIBE TO THE PODCAST</p><p>Youtube:https://www.youtube.com/watch?v=rhXvQfFm7GE&amp;list=PLo43Fota-gt1sMzujpavaGmRbTiRXETKE</p><p><br></p><p>CONNECT WITH <a href="https://next.io/" target="_blank">NEXT.IO</a></p><p>✩ Website: <a href="https://www.youtube.com/redirect?event=video_description&redir_token=QUFFLUhqbFJaRVlyLWFJS0YwUWJuTEV4bUlNTmtuOXFRd3xBQ3Jtc0tuVUpLMU9NZDNlcVllVnRVUUlCVnZSeXUyWWtGUzcxeGduMUZFek5ncmxWUEFPTDlYNFkwWklFN0RIRVlXci1udTQtOTNBTXl6c2RGMXZlb1AyY1I2aXZneUU4dUJGNEV2bjRYUG1nSURYVzVsZENkbw&q=https%3A%2F%2Fnext.io%2F&v=rhXvQfFm7GE" target="_blank">https://next.io/</a></p><p><br></p><p>This episode of <a href="https://next.io/" target="_blank">NEXT.io</a> is brought to you by:</p><p>Pragmatic Solutions – Leading iGaming platform technology</p><p><a href="https://www.youtube.com/redirect?event=video_description&redir_token=QUFFLUhqbmNGZFcwVmRVRkozLWE0dkViX3NLQXE5d2JmUXxBQ3Jtc0trdkhZdURSN1NiU0Fyck52Q3Z4UXJNT1ZDQ2dRcEgxTUVTcTNGaUxJRjV2WnFOWVktMkJ6YTQ0WmxUUWd3RkRjcnhoQ3lTbzZETjVsOEo3b3dObnlHWXFMcV84M1pWLTJGQXNDUmVXcFFIVHd3ZEtONA&q=https%3A%2F%2Fpragmatic.solutions%2F&v=rhXvQfFm7GE" target="_blank">https://pragmatic.solutions/</a></p><p><br></p><p>Pragmatic Play – Industry-leading content provider</p><p><a href="https://www.youtube.com/redirect?event=video_description&redir_token=QUFFLUhqbFBlWEZsa1E0TVpaWWJDaWstR3BIOEJhZGdYZ3xBQ3Jtc0tuVmNmdG9JbmlEZGtjX2tjMGZZaW41bjhVQXI3aUhETkFoMlZiOEVkODVYYmJudXRDVHpGQkFuZjVjakNPZkNkTmlOb2VoNmlsZ0psd1hqTUFwR1RuOEtDYnRTWjBtYWg3Ri0ydWduaVR6N09PalVFQQ&q=https%3A%2F%2Fwww.pragmaticplay.com%2Fen%2F&v=rhXvQfFm7GE" target="_blank">https://www.pragmaticplay.com/en/</a></p><p><br></p><p>Sponsored by:</p><p>Hard Rock Games: <a href="https://www.youtube.com/redirect?event=video_description&redir_token=QUFFLUhqbXA5Y1lsbnZIekNiQXU2T0dMRE9uQ1k5Y0F0d3xBQ3Jtc0tsTWlXSWFLc0VJaFVmMWNvYUVEWU9jbU8xZTJIRGZPaUVEZTVNRjVZSHlSdDY5R3dQTjMzOG9ZS0gxb0VUNkpabUo1NHRsNllWUkRRV2RXaWx0YlB6dFpmWDhjQUZsakh3REtZTmFGR2ZnVWZTblpvNA&q=https%3A%2F%2Fwww.hardrockgames.com%2F&v=rhXvQfFm7GE" target="_blank">https://www.hardrockgames.com/</a></p><p>Creedroomz: <a href="https://www.creedroomz.com/" target="_blank">https://www.creedroomz.com/</a></p>