Why Sharp Bettors Are Ditching Sportsbooks for Prediction Markets

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Why Sharp Bettors Are Ditching Sportsbooks for Prediction Markets In this roundtable, Adam Levitan sits down with three experts at the forefront of the prediction market revolution: Nigel Eccles (founder of FanDuel, BetDex, and BetHog), Henry Kerins (VP of Trading at NoVig), and anonymous prediction market whale "SP," a former DFS sharp who has become one of the biggest individual winners on prediction markets today. 0:00 Today’s Guests 1:46 Prediction Market 101 6:15 PMs better for the Consumer? 10:40 Advantages to using PM over Sportsbook 12:40 Fees vs Vig 16:58 PM and Sports Betting Legality 21:02 Market-Making 24:54 Ethics in PM Marketing 28:28 Starting Market-Making & Winning 39:10 Taking 46:15 PM Regulations 49:38 Insider Trading 55:15 Listener Questions 1:03:50 RFQs & Parlays 1:06:28 How PMs can improve Want ETR on your team this season? Our 2026 NFL Best Ball product has you covered with: * Real-Time Rankings * Research & Analysis Articles * Draft Strategy Content * Draft Livestreams * Discord Community * Q&As with ETR Team Subscribe now at https://subscribe.establishtherun.com/nflbestball/ DraftKings Best Ball: Draft One, Get One Enter DraftKings' $20M Best Ball contest for $25 and you'll receive a bonus ticket to play a second Best Ball draft for free. Available to all DraftKings customers. Sign Up Now! https://dkng.co/ETRBestBall Gambling Problem? Call 1-800-GAMBLER or 877-8-HOPENY/text HOPENY (467369) (NY). Help is available for problem gambling. Call (888) 789-7777 or visit [ccpg.org](http://ccpg.org) (CT). 18+ in most eligible states, but age varies by jurisdiction. Eligibility restrictions apply. Void where prohibited. 1 per customer. Must enter a lineup into the NFL Best Ball $20M Headliner Contest. $25 entry fee. Bonus issued as 1 ticket to NFL Best Ball $20M Headliner Contest. Ticket reward is site credit valid for use only on NFL Best Ball $20M Headliner Contest. Ticket reward is single-use and expires at contest lock on 9/9/26. See terms at https://www.draftkings.com/promotions. Ends 9/9/26 at contest lock. Sponsored by DraftKings. FREE NEWSLETTER: Tired of attention-seeking hot takes? Get the highest-quality fantasy football analysis in your inbox, FREE: https://establishtherun.kit.com/email DFS OPTIMIZER: Sign up for THE SOLVER for access to the software we think fantasy players need to win: https://thesolver.com/?ref=etr SPORTSBOOK OFFERS: We’ve partnered with several major sportsbook outlets to help supply you with the best offers in the industry and ensure you’re maximizing your bankroll from the start: https://establishtherun.com/offers/ FOLLOW US: Check out our social media channels for FREE fantasy football & DFS videos, analysis, and more: https://linktr.ee/establishtherun