Overview
- Caesars told reporters on June 28 that the United States is its single largest outright liability in the Tournament Winner market and that a deep U.S. run or title could produce historic losses for the book.
- Caesars repeatedly moved its U.S. futures after strong early results, shortening from +5000 pre-tournament to +4000 after Paraguay and +2800 after Australia, then drifting to about +3000 after the 3-2 loss to Türkiye.
- Public bettors continued to back the U.S. heavily even after the Türkiye defeat, driving concentrated money on the host that increased both wagers and overall handle for Caesars.
- Other sportsbooks show different pricing and exposures, with BetMGM listing France and Argentina as top favorites and the U.S. at about 25-1, illustrating divergent market views and risk calculations.
- The expanded 48-team format and strong regional interest for host nations have amplified betting volume, which may push books to adjust odds, lay off risk with hedges, and could leave bettors with large payouts if popular picks prevail.