Prediction markets, like Kalshi, experienced record activity for the Super Bowl, with over $1 billion traded, up 2,700%. Daily active users soared over 1,100% to nearly 2 million, surpassing sportsbook BetMGM. CEO Tarek Mansour highlights the success of cultural markets and predicts continued growth in sports trading.

Robinhood CEO Vlad Tenev dismisses concerns about the Super Bowl being the peak for sports prediction markets. NBA contracts surpassed NFL in trading activity in January, with major events like the Winter Olympics and NCAA Tournament offering more opportunities for betting. The World Cup in June promises even more action.

Despite Kalshi’s aggressive marketing, American sports betting giants DraftKings and FanDuel remain dominant. DraftKings saw 5 million daily active users for the Super Bowl, while FanDuel had 4.2 million. CEOs emphasize the potential for growth in states without legalized sports wagering through event contracts, which are the fastest growing business for Robinhood.

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1. Apple announces plans to invest $430 billion in the US over the next five years, creating 20,000 new jobs and expanding its manufacturing and research facilities.

2. The FDA authorizes booster shots of the Pfizer-BioNTech and Moderna COVID-19 vaccines for certain groups, including seniors and those at high risk.

3. Netflix reports a slower subscriber growth in the third quarter, adding 2.2 million new subscribers compared to the expected 3.3 million. The company cites increased competition and price hikes as contributing factors.: Prediction markets head into basketball season after Super Bowl high