New Delhi, Feb. 16 -- Netflix and Paramount Skydance have both sweetened their offers for Warner Discovery Bros. over the past month. It's still anybody's guess who will win the blockbuster takeover battle.

Users of online prediction markets now see this as a neck-and-neck race. As of Monday, Polymarket's event-based contract was implying odds of 45% that Netflix gets the deal done, and a 37% chance that Paramount closes the acquisition. The probability of no deal being done by June 30, 2027 stood at 18%.

Polymarket has a data partnership with Dow Jones, the publisher of Barron's.

On Jan. 17, Paramount's implied chances of closing the deal stood at just 7%.

The odds have shifted for a couple of reasons. First, Netflix may find it diff...