Lottery-fication of Everything: 0 day options, perps, parlays are now mainstream
18 hours ago
- #crypto
- #gambling
- #finance
- Parlays, zero day options, and perpetuals are designed like lotteries, offering small bets with high upside and narrative appeal.
- Parlays dominate sports betting, contributing to two-thirds of sportsbook revenue, with hold margins doubling to 12%.
- Zero day options surged to 61% of options volume by 2025, favored by retail traders for their lottery-like payoffs.
- Perpetuals (perps) gained traction in crypto markets, enabling 24/7 leveraged trading with high volatility.
- Companies are integrating lottery-like features into products, such as prediction markets and credit card points.