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E254 - Alex Kane & David Huffman from Sporttrade
On this special guest-host episode of the Business of Betting Podcast, Alex Kane, Founder & CEO of Sporttrade, steps in as host. He’s joined by David Huffman, Chief Operating Officer at Sporttrade.
Hear them discuss:
01:45 - How David transitioned into the betting industry from fintech
02:52 - The inspiration behind launching the “Bullish Predictions” newsletter
03:58 - Why the rise of prediction markets is legitimizing the betting exchange model
05:20 - Debunking the misconception that prediction markets have low margins
06:20 - What Robinhood’s event contracts mean for the future of sports prediction markets
09:47 - Breaking down Robinhood’s 3.57% effective hold rate
12:10 - How traditional sportsbooks’ promotional costs impact profitability
14:00 - The hidden operational costs that prediction markets avoid
18:10 - How Robinhood’s existing ecosystem gives it an edge in payment efficiency
20:50 - Why customers will benefit from lower margins and competition
23:33 - How Business of Betting helped Sporttrade get its start
⚡️ Follow BoB on Twitter/X
⚡️ Watch BoB on Youtube
⚡️ Follow Jason on Twitter/X
⚡️ Apply to be a guest here
---
This podcast is presented by Optimove, the #1 CRM Marketing solution for the iGaming industry. Since 2012, Optimove has served iGaming Operators from startups to industry leaders. Today, 4 out of the Top 5 US Operators Personalize Player Experiences with Optimove. iGaming operators know their growth journey begins and continues with Optimove, the #1 CRM Marketing solution for the iGaming industry.
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By Jason Trost
4.6
5555 ratings
On this special guest-host episode of the Business of Betting Podcast, Alex Kane, Founder & CEO of Sporttrade, steps in as host. He’s joined by David Huffman, Chief Operating Officer at Sporttrade.
Hear them discuss:
01:45 - How David transitioned into the betting industry from fintech
02:52 - The inspiration behind launching the “Bullish Predictions” newsletter
03:58 - Why the rise of prediction markets is legitimizing the betting exchange model
05:20 - Debunking the misconception that prediction markets have low margins
06:20 - What Robinhood’s event contracts mean for the future of sports prediction markets
09:47 - Breaking down Robinhood’s 3.57% effective hold rate
12:10 - How traditional sportsbooks’ promotional costs impact profitability
14:00 - The hidden operational costs that prediction markets avoid
18:10 - How Robinhood’s existing ecosystem gives it an edge in payment efficiency
20:50 - Why customers will benefit from lower margins and competition
23:33 - How Business of Betting helped Sporttrade get its start
⚡️ Follow BoB on Twitter/X
⚡️ Watch BoB on Youtube
⚡️ Follow Jason on Twitter/X
⚡️ Apply to be a guest here
---
This podcast is presented by Optimove, the #1 CRM Marketing solution for the iGaming industry. Since 2012, Optimove has served iGaming Operators from startups to industry leaders. Today, 4 out of the Top 5 US Operators Personalize Player Experiences with Optimove. iGaming operators know their growth journey begins and continues with Optimove, the #1 CRM Marketing solution for the iGaming industry.
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