According to some industry estimates, fantasy sports is now a billion industry and growing quickly. What is fantasy sports, who provides fantasy sports platforms, what are the most popular fantasy sports, and — coming off the Indianapolis Colts’ recent Super Bowl win — can we assume there will be a Super Bowl for fantasy football, or for baseball, basketball or hockey? Knowledge at Wharton asked Kent Smetters, professor of insurance and risk management, to bring us up to speed on the future of this industry.

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