On this special guest-host episode of the Business of Betting Podcast, Alex Kane, Founder & CEO of Sporttrade, steps in as host. He’s joined by David Huffman, Chief Operating Officer at Sporttrade.

Hear them discuss:

01:45 - How David transitioned into the betting industry from fintech

02:52 - The inspiration behind launching the “Bullish Predictions” newsletter

03:58 - Why the rise of prediction markets is legitimizing the betting exchange model

05:20 - Debunking the misconception that prediction markets have low margins

06:20 - What Robinhood’s event contracts mean for the future of sports prediction markets

09:47 - Breaking down Robinhood’s 3.57% effective hold rate

12:10 - How traditional sportsbooks’ promotional costs impact profitability

14:00 - The hidden operational costs that prediction markets avoid

18:10 - How Robinhood’s existing ecosystem gives it an edge in payment efficiency

20:50 - Why customers will benefit from lower margins and competition

23:33 - How Business of Betting helped Sporttrade get its start

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