Covering the U.S. sports betting industry with news, features & analysis on business, legislation, consumer protection + more. Also see @casino_reports
🚨Something new over at InGame dot com: we've introduced a Live Blog for prediction market news.
⚡️Updates there will be similar to our traditional coverage, but the intention is to include a variety of brief, short-form updates.
In other words, the priority here is speed,
Kalshi’s new same-game parlays may have brought in less than $2,000 in fees for the prediction market on their first day of trading, but they helped wipe almost $7 billion off the market values of the two biggest companies in U.S. sports betting.
DraftKings announced that it is banning credit card deposits nationwide to its sports betting and online casino platform, effective Monday.
It follows the Massachusetts Gaming Commission (MGC) fining DraftKings $450,000 in July for allowing bettors to use funds deposited by
Underdog Sports plans to use prediction markets including Kalshi to place "layoff bets", in order to manage its risk and hedge against unfavorable outcomes, InGame has learned.
NEW: @repdinatitus, a Nevada Democrat, has introduced a bill that would roll back the controversial cap on the amount of losses gamblers can claim on their taxes, undoing a provision in the just-signed Congressional budget
Kalshi is reviewing $162,000 worth of baseball trades placed during a 12-second window – including many at improbable odds – the exchange revealed last week.
NEWS: The Nevada Gaming Control Board on Wednesday afternoon made good on its threat to review and pull wagering operator suitability for involvement in prediction markets.
Flutter has surrendered its licenses and pending DraftKings applications have been withdrawn, per an
A new position paper estimates the impact of cutting the maximum deductible gambling loss to 90%.
Ultimately, the financial projections for the operators and state regulators are stark: Conservative scenarios project $18 billion in annual handle loss, while severe scenarios
Polymarket will not be able to offer its prediction markets in the U.S. until a government shutdown comes to an end, if past precedent is anything to go by.
In the past, the Commodity Futures Trading Commission (CFTC) has stayed self-certifications of new markets until the
Jontay Porter conspires to fake an injury. Terry Rozier (allegedly) does the same thing. Damon Jones (allegedly) tells people a certain superstar is going to sit. Chauncey Billups (allegedly) tells people he’s going to sit his starters.
And as a result of those instances above,
Today we launched InGame Intel, a free-to-use, AI-powered data tool that provides seamless access to the most comprehensive set of U.S. sportsbook revenue and tax data available to the public.
CME and FanDuel’s prediction market offering will be based on contracts that are active for one hour each – a product that arguably resembles a micro-betting version of financial trading or stock day trading – CME Chairman and CEO Terry Duffy revealed
NEWS: The Arizona Department of Gaming (ADG) has warned sports betting and fantasy sports operators this week that offering prediction markets outside of Arizona may jeopardize their Arizona licenses.
