CFTC Sues New York Over State Gambling Crackdown
“New York is the latest state to ignore federal law and decades of precedent by seeking to enforce state gambling laws against CFTC-registered exchanges..." -- Selig U.S. Regulator Sues New York State for Prediction Markets Crackdown https://t.co/Gej5T7AhIJ
Washington Moves to Regulate Deep‑Pocket Prediction Markets
"...could prove to be a tipping point for Congress, regulators and President Donald Trump’s administration to impose new guardrails on a deep-pocketed industry..." ‘Shot across the bow’: How Washington plans to take on prediction markets https://t.co/L2Df0vi88s
Nevada AG Leads 38-State Coalition Defending Betting Regulation
Nevada "co-leading a coalition of 38 attorneys general in filing an amicus curiae brief defending states’ longstanding authority to regulate sports betting.." Attorney General Aaron Ford files brief defending states’ authority to regulate sports betting https://t.co/eEHGbHzzL8
DraftKings and FanDuel Surge, Saracen Loses Arkansas Lead
And just like that 🫰... Saracen Casino has given up its market leadership in Arkansas. Both FanDuel and Draftkings launched on March 20th... the y/y change in handle reflects that... promos will do that... ☕️ Southland (DKNG) +138% y/y Saracen -5% y/y Oaklawn...
Billionaire Funds Study on Online Betting's Male Harm
"John Arnold, a former energy trader, is pouring millions of dollars into research on the ills of online betting" Billionaire Investor Warns Sports Prediction Markets Harm Men https://t.co/6zixGBWDY5
BetMGM’s Heavy Spend Inflates Sports Betting Acquisition Costs
"...driving up customer acquisition costs by “buying sports betting keywords as well as throwing money at any sports media property that will take it.”" BetMGM’s Adam Greenblatt: Prediction markets ‘throwing money at’ sports media properties https://t.co/vjfmR3CoKa
Traders Wager $760M on Oil Dip Before Hormuz Reopening
"...around 20 minutes before Iran's foreign minister announced on Friday that the Strait of Hormuz was open" Traders place $760 million bet on falling oil ahead of Hormuz announcement https://t.co/CGzgaSsWa9
CFTC Chair Faces Bipartisan Pushback Over Crypto Prediction Markets
"Sports and war prediction markets and crypto-backed perpetual futures came under fire during a House committee hearing Thursday." CFTC Chair Mike Selig Faces Bipartisan Pushback on Prediction Markets, Hyperliquid Perps https://t.co/eRt5FRHcd1
Ohio Sues Kalshi for Evading Sports Betting Rules
“How Is that not gambling?” Ohio Takes on Kalshi for dodging sports betting regulations https://t.co/3RWYMlEg4q
Citadel Sees Prediction Markets, Not Sports Betting, as Geopolitical Hedge
"Esposito said Citadel Securities isn’t interested in sports betting, which makes up a large chunk of the activity on online prediction sites." Citadel Securities says prediction markets are a good hedge for geopolitical risks https://t.co/IChz3UtFCE
Citadel Watches Prediction Markets, Not Trading Yet
"Citadel Securities isn’t involved in trading event contracts currently, but the firm is “absolutely, keeping an eye on developments in the market”" Citadel Securities Looks at Prediction Markets as Trading Scales https://t.co/3priEzHR9U
Ninth Circuit Judges Question Sports Betting vs Casino Rules
"A three-judge panel pressed the exchanges on how sports betting differs from casino gambling." Online sports betting exchanges seek win before Ninth Circuit https://t.co/HmiCfIl3qq
FanDuel Pursues Prediction Market Contracts Independently of CME
"new FCM would be wholly owned by FanDuel with no CME involvement [...] The new registration, if and when approved, may simply give FanDuel some optionality..." FanDuel Registers New Interest In Prediction Market Contracts, Without CME Involved This Time https://t.co/EGMyrzBKpX
Jury Backs Polymarket Rescue, Traders Remain Outraged
"... jury that handles Polymarket disputes ruled that the quick, in-and-out rescue mission satisfied the terms of the contract. Traders on the losing side of the wager were outraged." Polymarket’s $269 Million Question: Did U.S. Forces ‘Enter’ Iran? https://t.co/ETehpX08Zh
White House Bans Staff Betting on Iran War Predictions
"Well-timed bets about the war in Iran have raised eyebrows and calls from Democrats for more regulation" White House Warns Staff Not to Place Bets on Prediction Markets Amid Iran War https://t.co/4EjydM6lal
Prediction Markets Prioritize Fees Over Trading Efficiency
"But the biggest prediction markets today are not primarily built around trading efficiency. Kalshi, for example, operates more like a square sportsbook than a sharp sportsbook. Its model is built around bringing in price-insensitive takers and letting market makers trade...
Event‑betting Could Earn $10 B Annually From $1.1 T Market
"The bank's analysts say that would translate into around $10 billion in annualized revenue for event-betting companies, assuming an average fee of about 1%." Bank of America Sees a $1.1 Trillion Market for Sports Event Betting in US https://t.co/F68zNFeBVY
Iran Ceasefire Sends Prediction Markets Into Turmoil
"contract resolved to "yes" following Tuesday evening's announcements, but its outcome has since been changed to "disputed" given continued disruptions to Hormuz Strait shipments and enduring hostilities" Iran Ceasefire Wreaks Havoc on Prediction Markets https://t.co/uv56XlWTW9
Prediction Market ETFs Could Become Viable Investment Tools
"On this episode of Trillions, Eric Balchunas and Joel Weber interview Matt Hougan, chief investment officer of Bitwise and one of those filers, about why prediction market ETFs might make sense" Prediction Markets May Be Coming for ETFs https://t.co/hRoSJZ6Jb2
Bipartisan Bills Target Prediction Markets for Ban
"On Thursday, both the House and Senate will look at companion bills in committee that would make prediction markets like Polymarket illegal. Both bills have bipartisan support." Minnesota Legislature to consider bills banning prediction markets https://t.co/EopmPCqi76
Nevada Regulator Urges Tribal-State Unity Against Betting Prediction Threat
"The chair of the Nevada Gaming Control Board said tribes and states must stick together to fight an “existential threat” posed by sports betting prediction platforms." IGA: Nevada regulator addresses prediction markets in deep detail https://t.co/Q2sswHYMcz
DraftKings, FanDuel Seek Federal Venue for Baltimore Betting Lawsuit
"DraftKings and FanDuel are trying to convince a federal appeals court to move a sports betting lawsuit by the City of Baltimore to federal jurisdiction..." DraftKings, FanDuel Claim Sports Betting Apps Not Affected by State Policy https://t.co/UuZ3aKu8e9
Low Tax, Promo Deductions Drive NC Betting Surge
North Carolina... can still remember the first bill that came across with a single digit tax rate + promo deductibility... and look at us now. Sports wagering pace of $146M would exceed forecast https://t.co/qP0fOgCLQk
Lula Calls for Ban on Online Betting Platforms
"I am deeply worried about the indebtedness of the Brazilian people. If these platforms cause harm, why don’t we end them? We are discussing this very seriously." Brazil’s Lula argues for ban on online betting platforms https://t.co/K8LyuPjO8X