Flutter CEO Peter Jackson says prediction markets aren’t making much headway in legal sports betting states. “Clearly, in the states where there isn’t (regulated online sports betting), prediction markets have a free run. States where online sports wagering isn’t legal include California and Texas — the industry’s proverbial golden geese. In Jackson’s view, the lack of encroachment by prediction markets in legal sports betting states is easily explained: Sports betting is the superior product. And it makes sense because the sports offering on a regulated online sportsbook is better than you can find on the prediction markets,” Jackson told the analyst.