Frances World Cup Exit Erases Sportsbook Liability as Prediction Volume Surges

Frances 2-0 semifinal defeat to Spain eliminated one of the most heavily backed teams on U.S. sportsbooks, wiping out major outright and player-prop liabilities. The result also closed Frances positions across multibillion-dollar World Cup prediction markets, although exchanges do not profit from an upset in the same way as traditional bookmakers. Prediction markets logged billions []