Bonatsos: Prediction markets are a high-margin entertainment category
Niko Bonatsos · Inside Silicon Valley’s VC Playbook | WTF is Venture Capital? - 2025 Edition | Ep. 24 · Nikhil Kamath · Aug 29, 2025 · at 2:16:47
Venture capitalist Niko Bonatsos evaluates prediction markets such as Polymarket and Kalshi during a panel on future investment sectors.
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“I think it's a great category because it's entertainment. You already have evidence from several of these that the consumer eyeballs, you know, are really there. You have like a well-driven business model for some of these that really works for other industries. The margins are, can be pretty awesome depending on how much the regulators would want you know, to part with them. And then the new cycle is great news for all of these businesses. So overall again, you know, regulation risk aside pretty bullish about the category.”
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