Deals leagues are cutting with prediction markets are eroding the value of the ones held by sportsbooks, which are working to insulate their marketing rights. As prediction markets’ list of…
We caught up with Asher, a long-time sports betting executive, to talk about a wide range of issues impacting the industry. Recognizing the need for an independent sportsbook in Nevada,…
It’s been another hectic week in the gambling industry. Here are some names, entities and verticals that made the headlines. The Final Four is set for this weekend in Indianapolis,…
Kalshi isn’t allowed to attach itself too closely to the NCAA or March Madness, but the prediction market is finding ways to market itself around the event. The NCAA is…
MLB becomes the latest — and biggest — US sports league to partner up with a prediction market. Major League Baseball has entered the realm of prediction markets, announcing deals…
American Bettors’ Voice is in talks with other states about passing similar rules regarding how certain bettors are treated by sportsbooks. It won’t stop sportsbooks from limiting winning customers, but…
The CFTC isn’t concerned that prediction markets are offering sports event contracts. It’s manipulable markets, which could include player props, that violate the CEA. The steps taken this week by…
Amid a prediction markets gold rush are investors wary of legal risk and a glut of market participants. Kalshi and Polymarket are pitching investors on $20 billion valuations. The biggest…
Sportsbooks may finally be coming to the realization that high hold percentages have a negative impact on sustainability. There’s long been a sentiment in the sports betting community, one not…
Polymarket is taking heat after users profited from the attack on Iran; but this is just the latest example of traders taking advantage of potential inside information on calamitous events.…