Spain Beats France 2-0 in World Cup Semifinal, Erasing Sportsbooks' Largest Liability

Spain defeated France 2-0 in Tuesday's World Cup semifinal, eliminating the largest remaining outright liability for major U.S. sportsbooks, according to Draftkings and Betmgm. BetMGM reported that 94% of the money in its qualification market backed France to reach the final. Fanduel said France had attracted the most money among teams still alive before the match.

Polymarket and Kalshi prediction markets settled substantial activity following France's exit, with combined trading volume exceeding $5.5 billion across World Cup winner contracts. Polymarket's winner market generated approximately $4.28 billion in volume, while Kalshi's corresponding market surpassed $1.22 billion.