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Will Novig Be Sold? Joel Simkins on Prediction Market Acquisitions | Prediction Market Movers
Prediction Market Movers
27 minutes
2 months ago
Will Novig Be Sold? Joel Simkins on Prediction Market Acquisitions | Prediction Market Movers
On this episode of Prediction Market Movers, host Chris Gerlacher sits down with Joel Simkins, CEO and founder of XST Capital Group, for an in-depth conversation about the future of prediction markets and what could be one of the biggest shakeups in the space β the potential sale of Novig, one of the fastest-growing prediction market platforms.
Chris and Joel break down:
π‘ The business and regulatory challenges of acquiring a prediction market platform
βοΈ The sustainability of prediction markets in a competitive landscape
π What a Kalshi or Polymarket acquisition could mean for the industry
#PredictionMarkets #Novig #JoelSimkins #XSTCapital #Kalshi #Polymarket #Fintech #CryptoTrading #FinancePodcast #MarketMovers #PredictionMarketMovers #MarketTrends #TradingPlatforms
00:00 - Intro
1:30 Skeptic about a possible acquisition
2:30 - Different types of acquisition deals
3:30 - Novig rumors
5:30 - Investor/founder aftermath
7:00 - Sweepstakes being outlawed
9:00 What makes prediction markets more sustainable?
11:15 - Acquisition wars in the prediction markets
13:00 - Market breakdown after Kalshi/Poly
15:00 - Regulatory risks in the industry
21:20 - Deal terms and earn outs with acquisition
22:40 - Administration changes impacting deals acquisition
24:00 - Future of prediction markets
26:00 - Will Kalshi/Poly dominate the market?
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