Kalshi And Polymarket Could Become Takeover Targets, Says Bernstein

Prediction markets Kalshi and Polymarket could become takeover targets amid a wave of industry consolidation, say analysts at Wall Street broker Bernstein.

The analysts argue in a note to clients that prediction markets are likely to see a spike in the number of mergers and acquisitions (M&A) as more companies look to enter sports betting and other forms of gambling.

"Kalshi and Polymarket own the stack but trail on distribution, which leaves each as plausibly a target," says a team of analysts at Bernstein led by Ian Moore.

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Kalshi has announced plans to go public via an initial public offering (IPO) that could happen in late 2026 or early 2027. Rival Polymarket is also expected to pursue an IPO at some point.

However, Bernstein says that new entrants in the prediction market space such as DraftKings (NASDAQ: $DKNG), Robinhood (NASDAQ: $HOOD) and Coinba

Fuente original: Yahoo Finance (https://finance.yahoo.com/markets/stocks/articles/kalshi-polymarket-could-become-takeover-175300567.html)