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Betting

5 posts

Posts tagged with Betting

AI is the new betting, which was the new tobacco

A story is building that AI is the next era defining sponsorship category.

The dream scenario for the sports sector is that this is true.

It has the characteristics required.

Undifferentiated brands backed by vast sums of OPM.

So, forward five years.

Two thirds of Premier League shirts carry AI brands.

Cue rumbling from legislators about the dangers of AI to children and mental health.

I'd model a ban by 2035.

By which time any societal harm inflicted will be baked in. The money will be in the sports 'ecosystem' and the next big category will emerge. It's a circle

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Betting, Gen Z, porn and women's cricket

A semi-regular thread🧵on the podcast relates to why some sports and properties are popular as betting sports, and what happens if a rights holder purposely seeks to frame their sport to the gambling marketplace.

The follow on from this is how investors and private equity groups are very interested in this question. I find myself over using George Pyne as a case study, citing his enthusiasm for TGL, the screen golf series, as a betting platform.

From here, the conversation can jump quickly to the hypothetical of turning women's sport in to a 'betting sport'.

So I'm really interested

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Denyer spitballs on betting


This podcast has been one of our best performing. Not a surprise, Simon Denyer is one of the smartest guys in the room. 

Part of the conversation was about betting. 

A question I've asked a few times on the podcast is about where betting sits in the private equity playbook. 

I was struck by how bullish George Pyne was on TGL, and how explictly he referenced it as a potential betting product.

The p/e money likes betting for semi-obvious reasons to do with risk diversification and revenue predictability. 

As Denyer notes, when evaluating sports investments,

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🧵Prediction markets

'This is a bad idea. It is a very, very, very bad idea'.

Substack just did a deal with Polymarket.

From that link to Brian Moritz:

Imagine for a second that instead of Polymarket, this was FanDuel announcing an exclusive partnership with Substack. Or Draft Kings. What would your reaction be? What would everyone’s reaction be?
  1. 'Not Holy Grail truth'. I've been reading feature interviews with people from the prediction market firms. A comms playbook is emerging. Specifically, they talk a lot about truth. Kalshi co-founder and CEO Tarek Mansour defined markets as 'making the world a little bit
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