Seahawks’ 29-13 Cover and -4.5 Spread Drive Losses as DraftKings App Ranks Fifth
Bank of America names Kalshi big Super Bowl LX winner with $871M volume and $650M on game markets, ranking second on app charts despite payment delays. Seahawks’ 29-13 win covering a -4.5 spread drove sportsbook losses, pressuring DraftKings shares as its app ranked fifth on Super Bowl Sunday.
1. Kalshi Tops Super Bowl Prediction Markets
Bank of America estimates Kalshi saw $871 million in volume, including $650 million on Super Bowl markets, ranking second in app downloads. New play-by-play and live stats feeds boosted engagement despite some payment processing delays.
2. Seahawks Cover Hurts Sportsbooks
The Seattle Seahawks’ 29-13 victory covered the -4.5 spread, triggering losses across major sportsbooks and contributing to an estimated $1.76 billion in total Super Bowl wagers.
3. DraftKings App Performance and Outlook
DraftKings’ app ranked fifth in betting volume on Sunday, and its more balanced wagering split between Seahawks and Patriots may mitigate some losses, though the stock is under downward pressure following the spread result.