Our weekly recap of gambling industry headlines includes massive World Cup trading volume on prediction markets, a Trump technical assistant and Bryce Harper missing the obvious, Nigel Eccles, and Seinfeld.…
We chatted with the founders of ProphetX and 365Prediction about the companies’ prediction market ambitions in the face of stiff competition and regulatory risk. Every day we open Twitter, it…
A W-2G is still triggered at a threshold of $2,000 in winnings, under the proposal being negotiated in the state legislature. North Carolina sports bettors will be allowed to deduct…
I don’t usually write in first person, but this week’s news hits particularly close to home. I was hoping to be giving a big ole’ bingo today to the US…
Meta is reportedly building its own prediction markets platform. Sisun, the co-founder of a nascent exchange, says there’s already a model for the tech giant to follow. After news broke…
The World Cup is in full swing, prediction market competition thickens, New York sportsbooks take a loss, and a massive jackpot is unveiled for a new NFL survivor contest. While…
Novig sees prediction markets as its prime opportunity as a sports betting exchange. Novig’s pivot to a full-fledged prediction market appears to be complete, as the company announced today it…
The World Cup kicks off, the CFTC addresses a prediction markets problem, longshot bettors cash in on the Knicks, and DraftKings and FanDuel end up on different sides of this…
A new regulation in Massachusetts didn’t exactly go over well with sharp bettors, but the state’s gaming commission is commended for recognizing their plight. Sportsbooks’ initial adherence to a new…
Analysts see a strong future for Las Vegas tourism and growth in the digital sector as positives for Barry Diller’s proposed takeover of MGM Resorts. With the potential acquisition of…