Limitless CEO: No single prediction market platform will capture over 90% market share

CoinFeed June 17 news, according to The Block, CJ Hetherington, CEO of the Base-native prediction market platform Limitless, expects that no single prediction market platform will capture more than 90% market share, comparing its development trajectory to offshore perpetual futures exchanges, where no single operator holds close to 90% market share. Hetherington also estimates that the U.S. sports betting prediction market will generate annual revenues between $6 billion and $10 billion over the next decade, but said Limitless does not plan to actively pursue this market.