France’s World Cup Exit Erases Sportsbook Liability as Prediction Volume Surges

France’s 2-0 semifinal defeat to Spain eliminated one of the most heavily backed teams on U.S. sportsbooks, wiping out major outright and player-prop liabilities. The result also closed France’s positions across multibillion-dollar World Cup prediction markets, although exchanges do not profit from an upset in the same way as traditional bookmakers. Prediction markets logged billions […]

Source: https://news.bitcoin.com/frances-world-cup-exit-erases-sportsbook-liability-as-prediction-volume-surges/