BOFA SEES SPORTS BETTING AND FINANCE MARKETS CONVERGING Bank of America says sports betting, crypto, and financial speculation are converging, creating long-term growth opportunities for operators. It highlights rising use of perpetual futures, high-leverage derivatives with over $90 trillion in annual volume, as a key driver of innovation. BofA expects sportsbooks to expand into gamified prediction markets, including event-based contracts on athletes and teams, as retail demand and regulatory shifts accelerate sector convergence.(*Walter Bloomberg)