Fanatics head of RG likens Kalshi, Polymarket to black market operators
Anthony D'Angelo, head of RG at Fanatics Betting and Gaming, called out prediction markets during a panel on sports betting addiction. He likened Kalshi and Polymarket to black market operators. Crypto.com was also mentioned in the article.
A major sportsbook executive publicly equating Kalshi and Polymarket to black market operators signals intensifying competitive tension between traditional sportsbooks and prediction market platforms. It could foreshadow broader industry lobbying for tighter restrictions on event-contract venues.
Joins the NFL and state attorneys general in a widening anti-prediction-market offensive that now includes major sportsbook voices, as Kalshi and Polymarket face coordinated attacks from leagues, regulators, and traditional gambling incumbents on multiple fronts simultaneously.