The broker said operational consolidation is blurring the lines between exchanges, brokerages and sportsbooks, creating conditions for acquisitions across the prediction market ecosystem.

Bernstein says prediction-market integration could fuel M&A across crypto, betting and brokerage platforms, though regulatory clashes may slow deals.

The broker said operational consolidation is blurring the lines between exchanges, brokerages and sportsbooks, creating conditions for acquisitions across the prediction market…