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Tag: sports betting

  • Robinhood Leans Into Parlays, er, Combos in Prediction Markets Push

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    Posted on: December 16, 2025, 10:46h. 

    Last updated on: December 16, 2025, 10:46h.

    • Robinhood discussed “prediction markets reimagined” at Tuesday event.
    • Sports event contracts were front-and-center.
    • Company unveiled new and upcoming parlay, player prop offerings.

    At a Tuesday investor event, Robinhood Markets (NASDAQ: HOOD) discussed “prediction markets reimagined” with sports event contracts, including parlays, seemingly getting top billing.

    Robinhood
    A Robinhood logo. The company highlighted sports event contracts at a prediction markets event. (Image: Google Play)

    The financial technology (fintech) company reiterated what has been a topic of frequent discussion in the investment community: Robinhood is undoubtedly a prediction markets force to be reckoned with. The California-based brokerage house said prediction markets are its “fastest-growing product line by revenue ever, with 11 billion contracts traded by more than 1 million customers.”

    Robinhood said that over the past several weeks, a period including news it’s partnering with Susquehanna International Group on an organic event contracts platform, it’s been responding to various revolving around event contracts.

    Those include broader enhancements to its prediction markets platform, 24/7 access, limit orders, dollar-based trades, a sports contracts hubs, and an event details page spanning a number of sports.

    Robinhood Puts Parlays in the Spotlight

    Parlays, or as prediction market operators call them, combos, are increasingly popular in the event contracts industry and Robinhood isn’t shying away from that as it looks to capitalize on the tail end of football season with pre-set multi-leg bets.

    Customers will be able to trade preset combos for individual Pro Football games, giving them another way to turn their nuanced sports knowledge into an investing opportunity,” according to a statement. “These will be a combination of the outcomes, totals, and spreads within a single game. Like any event contract, these combos will pay $1 dollar, but only if each of the outcomes in the contract resolves correctly.”

    As is the case with other prediction market firms and at a time when these bets are increasingly controversial, Robinhood is also featuring what amount to player proposition bets, calling them “player contracts.” Those derivatives will be offered on football will include passing, receiving, and rushing yards and anytime touchdowns, among others.

    Robinhood Leveraging Media Arm in Prediction Markets Push

    The fintech company also noted its Sherwood News platform will serve up a newsletter known as “Scoreboard” that will act as a prediction markets data and news hub, featuring “stats, and sports markets news they need to know.”

    While sports event contracts were the points of emphasis at the investor event, Robinhood noted it has listed thousands of yes/no derivatives across economics, politics, pop culture, and other categories.

    In October, the trading house introduced approximately 20 yes/no contracts with political ties, including bets on with whom President Trump will meet this year, the possibility of a national Bitcoin reserve, semiconductor tariffs, Trump pardons, and whether or not Federal Reserve Chairman Jerome Powell will leave that role, among others. Moves like that arrive as industry observers say non-sports derivatives will be a key source of long-term growth for prediction market firms, assuming they execute well.

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    Todd Shriber

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  • Underdog Lost Arizona DFS License Due to Prediction Markets. Others Could Be Next.

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    Posted on: December 15, 2025, 06:22h. 

    Last updated on: December 15, 2025, 06:22h.

    • Last week, Arizona pulled Underdog’s fantasy sports license amid the company’s prediction markets push.
    • Analyst says Fanatics, PrizePicks at risk of similar fate.
    • DraftKings, FanDuel appear safe in the state.

    Last week, Arizona regulators yanked Underdog’s fantasy sports license as the company pushes into prediction markets, marking the first example of a daily fantasy sports (DFS) or sportsbook operator losing a state permit due to involvement in the event contracts space.

    Underdog Sports Missouri sports betting
    The Underdog logo. The company lost its fantasy sports license in Arizona and it won’t be the last. (Image: Underdog Sports)

    In partnership with Crypto.com, Underdog launched its prediction market offering in September, becoming the first DFS or sportsbook license holder to do so. Citizens equity research analyst Jordan Bender said it’s likely Arizona pulled Underdog’s fantasy sports license first because the company had the longest running prediction markets exposure of the various permit holders there. However, Underdog is unlikely to be the last gaming company to lose its Arizona license.

    The two major companies we believe this will impact are Fanatics, with a high-single-digit handle market share in AZ (gaming license), and PrizePicks (fantasy license),” observes the analyst. “Fanatics launched Fanatics Markets two weeks ago with Crypto.com, and PrizePicks has a relationship with Kalshi and Polymarket.”

    Kalshi and Polymarket have received cease and desist letters from Arizona regulators. Last Friday, Crypto.com pulled its full suite of event contracts out of Arizona while yanking sports derivatives in Illinois, Maryland, Massachusetts, Michigan, Nevada, New Jersey, and Ohio — all of which permit online  sports betting.

    ‘Can of Worms’ Opened in Arizona

    Bender says the Underdog situation in Arizona “opens a can of worms” regarding the actions states can take against gaming companies that pursue prediction markets.

    From coast-to-coast, states where sports betting is permitted have been consistent in telling operators that if they forge into prediction markets, their licenses will be jeopardized. Still, Underdog’s fate in Arizona reveals regulatory inconsistencies.

    “The picking and choosing from the state creates some uncertainty with the inconsistency in Arizona’s line of thinking, in our view,” adds Bender. “For example, the state awarded Bet365 a gaming license during a time it had black market exposure in China but is now stripping a license for an offering not even in its state.”

    The analyst also notes Underdog’s plight in Arizona isn’t unique and that’s just a matter of time before the state pulls the licenses of other operators.

    DraftKings, FanDuel Appear Safe in Arizona

    FanDuel and DraftKings are the two largest sportsbook operator in the US and in Arizona, they’re the only companies possessing both fantasy sports and sports wagering permits. For now, both operators appear safe in that state.

    Both are getting into prediction markets, but in the states where they hold sports wagering permits, the plan is to not offer sports event contracts. For FanDuel, that’s made feasible via its partnership with CME Group. DraftKings has its own levers to pull to potentially dance on the floors of both prediction markets and sports wagering.

    “We believe both of these companies took the cleanest way possible to avoid friction with states and, on the surface, should not be impacted by the decision out of Arizona,” concludes Bnder. “We would even argue DraftKings’ acquisition of Railbird solves this issue by providing flexibility in a sense whereby it can tailor its offering around fluid changes in regulations over time.”

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    Todd Shriber

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  • Are Prediction Markets Poised to Take Over Sports Betting?

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    Posted on: December 11, 2025, 02:26h. 

    Last updated on: December 10, 2025, 01:54h.

    • Prediction markets continue to be the talk of the legal gaming industry
    • Kalshi and its competitors say state gaming laws don’t apply to prediction markets, including sports event contracts

    No issue facing the legal gaming industry in the United States is more concerning than prediction markets. The divisive online trading exchanges, which facilitate the buying and selling of binary yes/no bets on everything from tomorrow’s weather to whether Ukraine and Russia will reach a peace deal, could soon become a concern for lawmaking and regulatory officials across the pond.

    prediction markets sports Kalshi Polymarket
    Prediction markets rushed onto the US gaming scene in 2025. Will prediction markets, including sports event contracts, be around in 2026? Prediction markets could also expand to additional countries overseas. (Image: Shutterstock)

    Prediction markets like Kalshi, Crypto.com, Polymarket, and Robinhood claim they facilitate derivative trades. With licenses from the US Commodity Futures Trading Commission (CFTC), the online websites and apps say state gaming laws don’t apply.

    While federal court cases to determine the legitimacy of those claims are ongoing, with Casino.org’s Todd Shriber reporting this week that the odds are good the cases will reach the US Supreme Court, established sports betting operators like DraftKings, FanDuel, and Fanatics are moving forward with their prediction market entries.

    State gaming regulators have warned sportsbooks that prediction markets running sports event contracts are violating sports betting laws and, therefore, must be avoided. But the sportsbook leaders continuing to invest in PM platforms hints that they anticipate the legal outcome to go in the way of the emerging markets.

    The prediction markets have a major supporter in President Donald Trump. The former casino tycoon’s public company, Trump Media & Technology Group, is readying Truth Predict, a prediction market platform to integrate with the president’s Truth Social media platform.  

    Prediction Markets’ Global Reach

    NYC-based Kalshi is the US leader in prediction markets, but Polymarket, a crypto-based PM exchange also based in New York, leads elsewhere. Kalshi is focused on expanding globally, with the firm in October announcing that its liquidity pool spans more than 140 countries.

    While Canada, the United Kingdom, and Australia have banned Kalshi, most other countries have not.

    Kalshi is available to users around the world under a global model that supports participation from over 140 countries. This expansion will create a single, unified liquidity pool for prediction markets, a structure that is unique to Kalshi,” the company said.

    “While other platforms operate with fragmented, region-specific markets, Kalshi’s global exchange connects traders worldwide to the same set of events, deepening liquidity and price discovery across every market,” the company added.

    “Prediction markets have always had worldwide relevance. Events don’t stop at borders, and neither does trading on them. Whether it’s elections, central bank decisions, sports, or climate, users across continents can trade directly on the outcomes that shape their world,” Kalshi declared.

    Odds of US Sports Prediction Market Ban

    State regulators, attorneys general, and lawmakers continue to seek ways to force the end of sports prediction markets in their jurisdictions. But with federal law preemption, bettors on Polymarket aren’t overly worried.

    Will sports prediction markets be banned in any US state in 2025?” is one such yes/no contract on Polymarket. The trading suggests a chance of only 22%.

    For the contract to resolve “yes,” the rules state that “sports event contracts listed by a CFTC-regulated Designated Contract Market, whether accessed directly or through a Futures Commission Merchant, are legally prohibited or blocked for users in at least one U.S. state or nationwide” by Dec. 31, 2025, at 11:59 PM ET.

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    Devin O’Connor

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  • Kalshi Facing Class Action Suit Over Shady Sports Betting Practices

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    Posted on: November 28, 2025, 12:40h. 

    Last updated on: November 28, 2025, 12:40h.

    • Plaintiffs in national class action believe Kalshi’s claims about superior odds compared to traditional sportsbooks are dubious
    • Suit says Kalshi clients are actually betting against the house, dispelling notion of a purported peer-to-peer model
    • Litigation claims Kalshi ran afoul of laws in California, Florida, and New York, among other states

    A proposed class action lawsuit filed against Kalshi Wednesday in the US District Court for the Southern District of New York claims the prediction markets operator employs deceptive practices on sports event contracts and that the company is violating gaming and other laws in dozens of states.

    Kalshi
    A Kalshi advertisement. The company is facing a national class action suit alleging it employs shady sports betting practices. (Image: Kalshi)

    Counsel for seven named plaintiffs claim that although Kalshi positions itself as a prediction market, it “operates an unlicensed sports gambling platform” — one that misleads consumers into thinking they’re betting against each other and getting better pricing than what they find with traditional sportsbooks. The litigation claims customers’ reality is far different than what Kalshi pitches.

    Defendants Kalshi Trading LLC and KalshiEX, both wholly owned subsidiaries of Kalshi, operates as highly sophisticated ‘market makers,’ which bet against consumers when their bets stray from Kalshi’s internal projected odds,” according to the complaint.

    Attorneys for the aggrieved parties also point out that Kalshi partners with hedge funds like Susquehanna International Group to take opposing sides of customers’ bets.

    “Market makers operate using a model indistinguishable from House betting in other illegal sports betting that the law expressly prohibits,” according to the legal document. “While consumers may bet on either side of the House in any sportsbook, the House sets the betting line, and profits when consumers pick wrong. Kalshi’s market makers set the baseline. Upon information and belief, Kalshi coordinates directly with its market makers to set betting lines.”

    Kalshi Is no Friend of Retail Traders

    It’s widely known that Kalshi, which is facing mounting state-level legal opposition and losing some of those cases, charges fees to smaller retail bettors and traders while limiting or eliminating those costs for sharp bettors and market makers in exchange for the liquidity those market participants provide.

    That’s one example of smaller bettors facing an uphill climb on Kalshi and data confirm that most market participants on the platform lose money. Some experts argue that the key to being consistently profitable on platforms like Kalshi is to identify markets that are mispriced. Sports event contracts, particularly those pertaining to popular sports such as football and basketball, are unlikely to be mispriced with any regularity because those are highly liquid markets.

    Counsel for the proposed class action assert Kalshi clients are being duped into thinking they’re betting against peers when in reality they’re wagering against Kalshi itself, which is supported by market makers with superior technological capabilities.

    “Consumers do not realize they are actually being tricked into betting against Kaslshi,” note the lawyers.
    “When consumers place bets on Kalshi, they face against money provided by a sophisticated market maker on the other side of the ledger.”

    Kalshi Violating State Laws, Claim Class Lawyers

    The proposed class action also asserts Kalshi violated myriad state laws, including California’s unfair competition law, various gaming laws in Florida, and New York’s general business law. Those are potentially meaningful claims because New York is the largest sports wagering market in the US and because, in Florida, that form of wagering is controlled by the Seminole Tribe and it’s permitted at all in California.

    “By operating unlicensed sports betting, Kalshi has violated gambling laws, engaged in illegal deceptive activity, and unjustly enriched itself at the expense of tens of thousands of consumers,” the complaint says. “Accordingly, Plaintiffs on behalf of themselves and a Class of similarly situated individuals, bring this lawsuit to recover their wagers, as well as costs and attorneys’ fees.”

    The suit was filed just days after reports surfaced indicating Kalshi’s valuation surged to $11 billion and a day after Robinhood Markets, which has been a major source of Kalshi volume, said it’s building its own prediction market platform.

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    Todd Shriber

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  • Ohio Gov. Mike DeWine signed a law legalizing sports betting. He now says he’s opposed to it

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    COLUMBUS, Ohio (AP) — If Ohio Gov. Mike DeWine could turn back time, he would not have signed the law that legalized sports betting in his state.

    With two Cleveland Guardians pitchers and an Ohio-born guard for the Miami Heat snared in separate betting-related criminal probes, the second-term Republican says he now “absolutely” regrets unleashing this unbridled new industry on Ohioans with his 2021 signature.

    “Look, we’ve always had gambling, we’re always going to have gambling,” DeWine told The Associated Press last week. “But just the power of these companies and the deep, deep, deep pockets they have to advertise and do everything they can to get someone to place that bet is really different once you have legalization of them.”

    His comments reflect a reckoning that’s unfolding across sports and politics as sports betting becomes more ingrained across much of the U.S. The wave of legalization in recent years unleashed a massive industry centered around betting and, more recently, a wave of investigations and arrests tied to allegations of rigged games. It’s a dynamic that DeWine says he doesn’t think lawmakers fully anticipated.

    “Ohio shouldn’t have done it,” he said.

    DeWine prompted a rare move to limit prop bets

    DeWine recently emerged as a key player in the negotiations between Major League Baseball and its authorized gaming operators that resulted in the capping of prop bets on individual pitches at $200 and excluding them from parlays. The deal was announced earlier this month, a day after Guardians pitchers Luis Ortiz and Emmanuel Clase were indicted and accused of rigging pitches at the behest of gamblers. Both have pleaded not guilty.

    “Gov. DeWine really did a huge service, I think — to us, certainly, I can’t speak for any of the other sports — in terms of kind of bringing forward the need to do something in this area,” MLB Commissioner Rob Manfred told reporters last week.

    And DeWine doesn’t plan to stop there. Shortly after Ortiz and Clase were first placed on paid leave this summer, he announced he’d be asking the commissioners and players’ unions of all the major U.S. sports leagues to ban prop bets — sometimes called micro-betting — like those implicated in the Guardians scandal. While that goal has not yet been achieved — micro-betting is critical to the business strategy in an industry with over $11 billion in revenue in the U.S. this year — DeWine said limits put in place for baseball are a good first step.

    “It needs to be holistic, it needs to be universal,” he told the AP. “They’re just playing with fire. I mean, they are just asking for more and more trouble, their failure to address this.”

    The gambling industry’s investments in Ohio politics

    DeWine’s recent sentiments mark a notable position shift after he pledged to — and then did — sign a legalization law that was sweeping in scope. The legislation allowed adults 21 and older to place sports bets online, at casinos, at racinos and at stand-alone betting kiosks in bars, restaurants and professional sports facilities. Wagering was permitted under the bill on professional sports teams, motor sports, Olympic events, golf, tennis and even major college sports, including Ohio State football.

    It was clear in the run-up to DeWine’s re-election in 2022 that the gambling industry was intensely interested in what was transpiring in the state.

    An AP investigation that year found that casino operators, slot machine makers, gaming technology companies, sports interests or their lobbyists donated nearly $1 million in 2021 and 2022 to the nonprofit Republican Governors Association, which supported pro-DeWine committees through its campaign arm. Entities and individuals with ties to the industry also donated more than $22,000 directly to DeWine’s campaign, according to campaign finance reports.

    A review of more recent campaign filings finds that industry largesse has continued to flow to Ohio politicians with sway over gaming’s future.

    Lobbyists and a PAC with ties to Jack Casino, DraftKings, FanDuel, MGM, Gamewise, Hard Rock, Underdog, Rush Street or Caesars have donated about $130,000 to Ohio state legislators in the past three years, records show — about a third of that directed to top House and Senate leaders. Then-Republican Lt. Gov. Jon Husted, who was positioning as DeWine’s likely gubernatorial successor, had received about $9,000 from industry-connected entities and individuals before being appointed to the U.S. Senate.

    At least one powerful state lawmaker, Republican House Finance Chairman Brian Stewart, had vowed to introduce legislation protecting prop bets prior to professional baseball’s crackdown.

    “I think that prop bets are a significant part of sports betting in the state of Ohio,” Stewart told cleveland.com in August. “It’s something that clearly a lot of Ohioans have taken part in and enjoy, and I don’t think there’s something that we should eliminate entirely.”

    Amid such pushback, DeWine and others now view voluntary buy-in from leagues, players’ unions and sportsbooks as a superior approach to pursuing gambling restrictions on a state-by-state basis, where the authority lies.

    Matt Schuler, executive director of the Ohio Casino Control Commission, said the baseball deal DeWine helped broker has shown it can be done.

    “He’s using the bully pulpit and he’s able to connect with the right people in that way,” Schuler said of DeWine. “No one thought that everyone could get on the same page, but now they did because everyone realizes the risk. The bets are small, but the risk is big, and so, having observed gaming and regulated it for about 14 years, this is impressive.”

    Harassment and scandal in Ohio changed DeWine’s mind

    DeWine said his concerns with sports gambling began almost as soon as Ohio’s law took effect in 2023. Very quickly, his office began receiving reports that gamblers were threatening members of the University of Dayton basketball team.

    So he contacted NCAA President Charlie Baker, whom he knew from Baker’s time as governor of Massachusetts, and learned that he shared DeWine’s concern. He got Baker to write a letter requesting the removal of collegiate prop bets from the list of legal wagers that sportsbooks operating in Ohio could place, which allowed DeWine to usher the change through the casino commission.

    After the Guardians case emerged this summer, DeWine approached Manfred with the same idea. They hadn’t both been governors, but DeWine did have one cache going in: his family’s long-time ownership of North Carolina’s Asheville Tourists. DeWine said Manfred asked him to hold off on pushing unilateral action in Ohio, in hopes of getting the parties to agree to a new national rule.

    “I would have preferred to have completely done away with the micro-prop bets, but this is the area that he was able to settle on with them, and I was pleased with that,” DeWine said. “And so, I think that’s progress.”

    DeWine, who faces term limits next year, said he would be happy to sign a repeal of Ohio’s sports betting law at this point, but he’s certain there’s not enough support for that at the Ohio Statehouse.

    “There’s not the votes for that. I can count,” he said. “I’m not always right, but I can pretty much guarantee you that they’re not ready to do this.”

    Instead, he’ll continue to make his case in other ways.

    DeWine, an avid baseball fan, particularly of his hometown Cincinnati Reds, said he believes “these sports are playing with dynamite here and the integrity of the sports is at stake.”

    “So, you try to do what you can do, and you try and warn people, and try to take action like we did with collegiate, and you try take action like what we’re doing with baseball,” he said. “But we’ve got to keep pushing these other sports to do it, too.”

    ___

    AP Baseball Writer Ronald Blum contributed to this report.

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  • Ohio Gov. Mike DeWine Whines About Sports Betting

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    Posted on: November 24, 2025, 11:05h. 

    Last updated on: November 24, 2025, 11:05h.

    • Ohio’s governor says he regrets signing the state’s 2021 sports betting law
    • Mike DeWine is leading an effort to eliminate player props from professional and college sports

    Ohio Gov. Mike DeWine (R) signed the state’s sports betting bill into law in December 2021. With nearly four years of hindsight, the Republican says he regrets the decision.

    Ohio sports betting Mike DeWine
    Ohio Gov. Mike DeWine says he regrets signing the state’s sports betting law. In hindsight, the Republican thinks the state would be better off without sports gambling. (Image: Governor Mike DeWine)

    House Bill 29 authorized mobile and retail sportsbooks within the Buckeye State. The law paved the way for the state’s casinos and racinos to partner with sportsbooks to conduct both in-person and internet bets. The statute also allowed restaurants and bars to offer in-person sports betting kiosks through the Ohio Lottery.

    Since going operational in January 2023, Ohio’s sports betting market has become one of the richest in the nation. More than $23.3 billion has been risked legally on sports, with oddsmakers keeping over $2.5 billion of the bets. Though the emerging gaming industry has generated almost half a billion in tax revenue, DeWine has regrets about lending his support to sports gambling.

    DeWine Misgivings

    During a recent interview with the Associated Press discussing the MLB sports betting scandal involving pitchers with the Cleveland Guardians, DeWine revealed that he underestimated how many marketing dollars sportsbooks would spend to bring sports gambling mainstream.

    “We’ve always had gambling, but the power of these companies and the deep, deep, deep pockets they have to advertise and do everything they can to get someone to place that bet is really different once you have legalization,” DeWine said.

    Ohio absolutely shouldn’t have done [sports betting],” DeWine declared.

    With eight professional sports teams and a college sports-obsessed demographic, paired with the seventh-largest population, the major sportsbook operators pounced at the Ohio opportunity when DeWine formally opened it almost four years ago. The sportsbooks spent many millions of dollars securing market share, with today the market leaders being FanDuel, DraftKings, Fanatics, BetMGM, and Caesars Sportsbook. 

    Sports Betting Reforms 

    DeWine, along with NCAA boss Charlie Baker, has been at the forefront of trying to rid player props, both professionally and collegiately, from sportsbooks.

    Player props typically depend on the outcome of a single player’s performance. Critics say props jeopardize the integrity of sports, as a single compromised player can weigh heavily on a game’s outcome.

    Guardians pitchers Emmanuel Clase and Luis Ortiz are accused of throwing certain pitches to appease rogue bettors in exchange for financial bribes. In the NBA, star Terry Rozier is accused of faking injuries and throwing games, again for the benefit of outside influences.

    Last year, DeWine called on the Ohio Casino Control Commission to ban player props involving collegiate sports. The state gaming regulatory authority obliged, though player props on professional sports remain.

    In the wake of the Guardians’ scandal, the MLB and legal sportsbooks earlier this month agreed to eliminate certain player props.

    “I commend Commissioner Rob Manfred, Major League Baseball, and its partners for taking this action to address the problem of micro-prop bets. By limiting the ability to place large wagers on micro-prop bets, Major League Baseball is taking affirmative steps to protect the integrity of the game and reduce the incentives to participate in improper betting schemes,” said DeWine. “I urge other sports leagues to follow Major League Baseball’s example with similar action.”

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    Devin O’Connor

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  • FanDuel and DraftKings Leave Nevada and AGA • This Week in Gambling

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    FanDuel and DraftKings are making a major shift in strategy: they are stepping away from Nevada’s regulated sportsbook market in order to focus on prediction markets under federal oversight. The Nevada Gaming Control Board has confirmed that FanDuel surrendered its gaming licenses, and DraftKings withdrew its pending sportsbook applications. The core of the conflict lies in “sports event contracts,” or prediction-market products.

    Nevada regulators regard these as incompatible with the state’s traditional gaming model, while FanDuel and DraftKings argue that these contracts should fall under the jurisdiction of the Commodity Futures Trading Commission instead of state gaming boards. FanDuel is preparing to launch a standalone mobile platform called FanDuel Predicts, in partnership with CME Group. The app is scheduled to go live in December and will offer contracts tied to major sports — baseball, football, basketball, hockey — as well as non-sports benchmarks like economic indicators. FanDuel plans to limit its sports-contract offerings to states where online sports betting is not yet legal.

    Flutter, the parent company of FanDuel, says it will spend between forty and fifty million dollars in the current quarter on the launch, and expects to invest two- to three-hundred million dollars into its prediction-market business over the course of 2026. Meanwhile, DraftKings is gearing up for its own prediction-market launch. After acquiring a CFTC-regulated business called Railbird, DraftKings aims to roll out an app named DraftKings Predictions. Like FanDuel, DraftKings intends to geo-fence its prediction-market platform so that it operates only in states without legal regulated sports betting.

    Both companies have also exited the American Gaming Association, signaling that they no longer see alignment with it now that their business model is shifting toward federally overseen prediction-market products. This move underscores a broader regulatory tension in the U.S. gaming landscape: should prediction markets be treated like gambling under state rules, or regulated as financial instruments at the federal level? By abandoning Nevada, FanDuel and DraftKings are signaling they believe their long-term growth lies outside the traditional state-by-state gaming regime, in markets governed by the CFTC.

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  • What NFL Metrics and Data Should Philadelphia Eagles Fans Analyze to Improve Betting Odds – Philadelphia Sports Nation

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    THIS BLOG CONTAINS LINKS FROM WHICH WE MAY EARN A COMMISSION. Credit: Pixabay

    Here’s a simple truth most casual bettors miss: rooting for the Eagles and betting on them are two very different games.

    Passion won’t beat the spread. But precision might. Smart betting is more about cold metrics and knowing where to look.


    That’s exactly where most fans fall short. They skim the headlines, follow the hype, and lock in bets based on emotion. Then wonder why the ticket didn’t cash. But seasoned bettors, especially those backing a data-rich team like the Philadelphia Eagles, know that value hides in the weeds.

    Snap counts. Yards after contact. Pressure rates. All those invisible gears that turn on Sunday afternoon and make or break betting slips.


    The Eagles, with their layered offense and aggressive D-line, are a stat lover’s dream. But if you’re not paying attention to the right numbers, you’re basically flipping coins. 

    But first, one major thing that quietly changed the game.


    The Online Betting Boom and Its Impact on Fan Behavior

    Online betting has ballooned into something far beyond the occasional office pool. It’s structured, data-driven, and legal in more places than ever before. For Philadelphia fans, this means easier access to platforms that offer not only traditional wagers but also live bets, player props, and advanced analytics.

    Credit: Pixabay

    Quality matters here. Not all platforms are equal in terms of interface, real-time data, and prop variety. That’s why many sharp bettors choose streamlined, well-regulated services that deliver both stability and depth. Among those setting a standard, New York sportsbooks have played a huge role. Their tight regulation and competitive markets have pushed platform quality upward across state lines, including states like Utah. For those curious about how to bet on sports legally in Utah online, understanding where and how state regulations differ is key to finding compliant, trustworthy platforms.

    That’s why choosing where you bet matters nearly as much as how. Without solid platforms, even great data becomes noise.

    Efficiency and Situational Stats

    Yards gained and touchdowns scored look good on highlight reels. But they’re surface-level. Real edge comes from context. Is that a 100-yard game against a top-three defense or a bottom-feeder? Was the quarterback under pressure? Was the drive extended by penalties?

    You want to track these less-glamorous, more predictive stats:

    • Offensive and defensive DVOA (Defense-adjusted Value Over Average): It compares teams not by raw yardage but by how efficiently they perform against average defenses or offenses.
    • Success rate on early downs: Forget 3rd-and-long. Elite teams win games by staying ahead of the chains. If the Eagles are efficient on 1st and 2nd down, it’s a sign of a strong game plan.
    • Red zone efficiency (offense and defense): A 90-yard drive that ends in a field goal instead of a touchdown means everything to your wager. Look at how Philly converts red zone trips and how often they bend without breaking.

    Understanding these metrics helps reframe games not as highlight packages but as systems of repeatable patterns.

    Quarterback Pressure Metrics

    Let’s talk about Jalen Hurts, not through the lens of MVP chatter, but through the numbers that truly matter. Pocket time. Pressure-to-sack ratio. Air yards per attempt. If he’s being hurried constantly and still averaging long throws, you’re looking at a volatile game script. If he’s kept clean and tossing accurate short-to-intermediate balls, expect a methodical, controlled tempo.

    Eagles fans should watch:

    • Pressure rate allowed by the O-line
    • QB scramble percentage
    • Average time to throw

    These are golden when analyzing total points or player prop bets. More time usually means deeper throws. Higher pressure often means quicker check-downs or risky throws. Match this against the opposing defense’s blitz tendencies and you can start to predict game flow before kickoff.

    Yards After Contact and Gap Success

    Not all rushing yards are equal. A running back bulldozing for extra yards after first contact is a very different story from one sprinting through open lanes created by elite blocking. The main players may be gone, but the Eagles’ ground game remains a foundation, if you’re tracking it correctly.

    Look at:

    • Yards after contact per attempt (YAC/A)
    • Run success rate per gap (inside vs. outside runs)
    • Opposing defensive front strength

    If Philly faces a team soft on outside runs and the Eagles are leaning into zone stretches, expect yardage totals to tilt up.

    Special Teams and Field Position (Underrated but Not Optional)

    Casual fans ignore it. Smart bettors watch it like a hawk. Field position dictates playcalling. It affects point totals, time of possession, and momentum. Teams starting at their 35 instead of their 20 across several drives will eventually cash that advantage in.

    Pay attention to:

    • Average starting field position
    • Opponent punt return average
    • Kickoff touchback percentage

    If the Eagles have a return advantage and a leg that pins opponents deep, expect the field tilt to help both the spread and total plays.


    Injuries, Snap Counts, and Role Players

    Some bettors wait for injury reports. But it’s not enough to know who’s active.

    You need to know usage trends. A wide receiver might be “healthy” but only see 40% of snaps. A tight end might be blocking more than catching.


    Snap count trackers, injury trendlines, and role clarity can flip your assumptions. Just because a player is dressed doesn’t mean he’s a real factor.

    The sharpest bettors don’t just look at names; they look at participation.


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    Enhancing Your Philadelphia Sports Fan Experience

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  • Baltimore Sports Betting Lawsuit Will Be Tried in City Court

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    Posted on: November 18, 2025, 12:26h. 

    Last updated on: November 18, 2025, 12:26h.

    • The City of Baltimore sued DraftKings and FanDuel in April 2025
    • The lawsuit alleging consumer protection violations will be tried in the city court

    Baltimore City’s lawsuit against DraftKings and FanDuel, filed in April on allegations of Consumer Protection Ordinance (CPO) violations, will be tried in city court.

    Baltimore sports betting lawsuit DraftKings FanDuel
    A FanDuel advertisement, then only a daily fantasy sports company, is seen inside M&T Bank Stadium, home of the NFL Baltimore Ravens, on Oct. 11, 2015. (Image: Getty)

    The Baltimore City Council, Mayor Brandon Scott, the Baltimore City Law Department, and DiCello Levitt, LLP, alleged in April that the sportsbook leaders have targeted and exploited vulnerable gamblers, many of whom are young men, as prohibited by the city’s Consumer Protection Ordinance.

    Casino.org reported at the time that the complaint raised allegations that the mobile sports betting giants “use a two-pronged scheme to harm Baltimoreans.”

    Upon being named as defendants in the matter, counsel for DraftKings and FanDuel asked Maryland’s District Court to take on the case. Last week, a federal judge ruled against the appeal, citing legal doctrine that allows federal courts to refuse cases that involve complex state or city laws and/or policies.

    Baltimore’s CPO was overhauled in 2023 to provide the city with more legal authority to take action against companies and industries that local government officials deemed to be engaged in unfair, deceptive, and abusive practices.

    The City of Baltimore is taking a critical step forward in our ability to protect Baltimoreans from predatory business practices,” Scott said during his signing of City Council Bill 23-0424.

    In March, the Baltimore Department of Consumer Protection was formed to investigate complaints of deceptive and abusive consumer practices.

    Case Continues

    Following the Maryland federal court’s refusal to accept, Baltimore’s litigation against DraftKings and FanDuel returns to the city’s circuit court.

    The plaintiffs allege that the sportsbooks, which went live in Maryland in November 2022, have utilized analytics to single out problem gamblers who aren’t skilled in sports gambling with personal inducements to maximize the books’ profitability. The city is seeking a jury trial.

    “DraftKings and FanDuel put corporate greed ahead of the well-being of Baltimoreans, getting users hooked to their gambling platforms and then leveraging troves of data to identify, target, and exploit the most vulnerable among them. Their predatory practices have caused significant harm to our community, and we are taking action to hold them accountable and protect our citizens,” said Baltimore City Solicitor Ebony Thompson with the Baltimore City Department of Law. 

    Market Leaders

    Through the first four months of Maryland’s 2026 fiscal year(July 2025 through October 2025), DraftKings and FanDuel are in a league of their own in terms of sports betting handle and revenue.

    FanDuel took more than $889.4 million in online bets and kept over $93.4 million of the wagers after paying out prizes and deducting promotional play and other incentives like odds boosts. DraftKings facilitated $668.4 million in mobile wagers to generate revenue of $59.3 million.

    FanDuel operates in Maryland through a partnership with Live! Casino & Hotel. DraftKings operates via an online-only sports wagering permit.

    BetMGM is FanDuel and DraftKings’ nearest competitor in Maryland. Through its licensing deal with MGM National Harbor, the online sportsbook took $159.1 million in mobile bets during the four months, generating a net win of $17.9 million.

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    Devin O’Connor

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  • Wanna bet? Online prediction markets wager that you will

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    Joel Holsinger just quit his day job to bet on the words that famous people, like White House press secretary Karoline Leavitt, might say in public. “I thought there was a very high likelihood she would bring up ‘Thanksgiving’ in relation to the shutdown,” he said.

    From his computer, the 26-year-old makes about $3,000 a week trading on the prediction market Kalshi.

    “She did not say Thanksgiving, so we were out $700 yesterday,” Holsinger said.

    That hurts, right? “Surprisingly for me, doesn’t hurt really much,” Holsinger replied. “I have had times where I’ve lost, for example, like, $6,000 on a bad trade, but also the inverse of that; I’ve made $11,000 on a trade, and so, you know, it’s just ups-and-downs.”

    Joel Holsinger joins others trying to predict outcomes on the prediction market Kalshi. 

    CBS News


    The live streaming influencer is one of millions of people flocking to prediction markets like Kalshi, PredictIt and Polymarket where you can wager on just about anything.

    Tarek Mansour and Luana Lopes Lara are former Wall Street traders-turned-co-founders of Kalshi. “A prediction market is like the stock market, but instead of buying and selling companies, you’re buying ‘yes’ and ‘no’ on whether something is going to happen or not,” Mansour said. “So, it could be whether Mamdani was going to win the last New York mayor’s race, or there’s going to be a hurricane in Florida next month.”

    Lopes Lara said, “People can make money on what they know, actually monetize their knowledge, monetize their hobby, because everyone is an expert on something.”

    Kalshi made a name for itself in the 2024 election. The presidential race looked close, unless you were keeping an eye on Kalshi, which called the race well before the TV networks did. “It was like Kalshi, then Fox, then CNN,” said Mansour. “It was crazy.”

    Twelve months later, Kalshi was the talk of another election: The New York City mayor’s race. As Democratic candidate Zohran Mamdani told the crowd on Oct. 26, “You see the Kalshi odds that have our chances of victory in the 90s.”

    Kalshi’s numbers are not polling data; they represent what people think is going to happen. “It’s people putting money on what they think is going to happen, and then the wisdom of the crowds in the markets come up with the probabilities of who is going to win,” said Lopes Lara.

    And you can bet on (or Kalshi says “invest in”) more than 3,500 markets on the company’s platform, like who will be a bridesmaid in Taylor Swift’s wedding.

    taylor-swift-bridesmaids-kalshi.jpg

    Kalshi


    I asked, “How do I know that someone close to Taylor Swift, or Taylor Swift herself, isn’t participating in a way that will make her outcome more favorable and let her, you know, take home a little extra cash?”

    Lopes Lara replied, “Kalshi is a federally-regulated, fully-compliant exchange, and we have systems in place to monitor for any suspicious or unusual activity. We also have a lot of trading prohibitions in place.”

    According to Mansour, “There really hasn’t been any issues.”

    Prediction markets are booming. The owner of the New York Stock Exchange is investing $2 billion in Polymarket, and the sports betting platform FanDuel will launch its own prediction market next month.

    In fact, when it’s not an election, the majority of the money traded on Kalshi is not on politics or culture – it’s on sports. Jonathan Cohen, author of “Losing Big,” has chronicled the rise of sports betting in the U.S. Regarding Kalshi, he said, “You can bet on things that a traditional Sportsbook would offer you.”

    “Kalshi says this is an investment. You don’t buy that?”

    “No,” said Cohen. “The New England Patriots are not more likely to win their game because I bought a contract for them to win the game. It is a speculative instrument purely for my own use and my own entertainment, which to me qualifies it as gambling rather than investing.”

    But Kalshi is not regulated like gambling. Online sports betting is only legal in 31 states; Kalshi is available in all 50.  The Biden administration tried to prevent Kalshi from offering sports markets. Then, when President Trump returned to the White House, his administration vowed to break with “past hostility” – and earlier this year, the president’s son, Donald Jr, became a strategic advisor to both Kalshi and its main rival, Polymarket.

    Asked why Kalshi made Donald Trump Jr. a strategic advisor, Mansour replied, “We have a lot of advisors, um, and they span across the board, across different functions. But really, this is all about growing this industry, the prediction market industry, that a lot of people really believe in.”

    I asked, “What kind of advice does he give you?”

    “So, it really is, again, about growing prediction markets,” Mansour said. “You know, he believes in prediction markets. We believe in prediction markets. A lot of people believe in prediction markets, and it’s really about go-to-market and expansion plans.”

    “Does he come to meetings? How much do you pay him? What’s his role? I mean, this is the son of the president.”

    “We, again, I mean, we have a lot of advisors,” Mansour replied. “And whether it’s our investors, whether it’s, uh, people that we really trust and respect, whether – “

    “But he’s not just any advisor; he has a direct line to the White House,” I said.

    “We have a lot of advisors,” said Mansour.

    Kalshi is embroiled in legal battles with several states, like Massachusetts, that say Kalshi’s sports markets amount to “unlawful sports wagering.”

    Are the states wrong? “We are confident in what we’re doing,” said Mansour. “We’re confident in our position from the law, and we’re also confident in the fact that, you know, customers are actually finding a lot of value in basically what we’re offering. So, I would say yes.”

    But for now, if you are over the age of 18, you can bet on just about anything, anywhere, any time.

    Cohen said, “It’s not enough to, like, like Taylor Swift anymore. You have to use your knowledge of Taylor Swift to, like, try to make money off of how many streams she’s going to get in a month. Or it’s not enough to, I don’t know, even like politics anymore; you have to gamble on politics. You have to make money on politics.

    “That, to me, it seems like sort of the canary in the coal mine of like a ‘gamblification’ of American culture that I think is sort of still on the rise,” he said, “and we might not like what that looks like when it fully arrives.”

         
    For more info:

          
    Story produced by Mark Hudspeth and Madeleine May. Editor: Steven Tyler. 

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  • Wanna bet? Online prediction markets wager that you will

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    The people behind the prediction market Kalshi, where people can place wagers on everything from elections and sports contests to the anticipated bridesmaids at Taylor Swift’s wedding, say its users trade a billion dollars every week. But as prediction markets are expanding, this burgeoning business model is coming under the scrutiny of some state regulators and attorneys general. Jo Ling Kent reports.

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  • Mega Millions draws numbers for $980 million jackpot

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    The numbers were drawn Friday night for an estimated $980 million Mega Millions jackpot.

    The numbers selected were 1, 8, 11, 12 and 57 with the gold Mega Ball 7.

    Officials have not yet said whether anyone overcame Mega Millions’ abysmal odds of 1 in 290.5 million by matching all six numbers. The next drawing will be on Tuesday.

    A winner can choose an annuity or the cash option — a one-time, lump-sum payment of $452.2 million before taxes. If there are multiple jackpot winners, the prize is shared.

    There were four Mega Millions jackpot wins earlier this year, but Friday’s drawing was the 40th since the last win on June 27, a game record, officials said.

    In September, two Powerball players in Missouri and Texas won a nearly $1.8 billion jackpot, one of the largest in the U.S. The current Mega Millions jackpot isn’t among the top 10 U.S. lottery jackpots but would be the eighth-largest for Mega Millions since the game began in 2002.

    Mega Millions offers lesser prizes in addition to the jackpot. The odds of winning any of these is 1 in 23.

    There were more than 800,000 winners of non-jackpot prizes from the Nov. 11 drawing.

    Tickets are $5 each and are sold in 45 states, Washington, D.C., and the U.S. Virgin Islands. Half the proceeds from each Mega Millions ticket remains in the jurisdiction where the ticket was sold. Local lottery agencies run the game in each jurisdiction and how profits are spent is dictated by law.

    Sometimes gambling can become addictive.

    The National Council on Problem Gambling defines problem gambling as “gambling behavior that is damaging to a person or their family, often disrupting their daily life and career.”

    It is sometimes called gambling addiction or gambling disorder, a recognized mental health diagnosis. The group says anyone who gambles can be at risk.

    Its National Problem Gambling Helpline, 1-800-522-4700, connects anyone seeking assistance with a gambling problem to local resources.

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  • AQR Weighs a Move into Sports Betting as Prediction Markets Continue to Expand

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    AQR Capital Management, one of the leading global quantitative hedge funds, is carefully evaluating whether sports betting could be its next frontier. Co-founder and CIO Cliff Asness discussed this possibility during a special 10th anniversary episode of the Odd Lots podcast, noting that the firm is examining what such a move would entail.

    Prediction Markets Are Attracting High-Profile Investors

    While AQR’s plans are still in their infancy, the timing is no coincidence. Prediction markets such as Kalshi and Polymarket have drawn some of the leading names in finance into what many still consider a legal gray area. By packaging sports outcomes as regulated financial contracts, they have created a hybrid marketplace where the boundary between betting and derivatives trading is getting increasingly blurrier.

    Other firms have already ventured into the market. Intercontinental Exchange, the parent company of the New York Stock Exchange, has pledged up to $2 billion toward Polymarket. Susquehanna International Group has built a dedicated sports unit and is actively making markets on Kalshi. An AQR entry into the market would cement this trend as it seeks to explore a data-rich ecosystem.

    Asness did not disclose whether AQR is considering directional wagering or if it would focus on liquidity provision, an area where quantitative approaches generally excel. However, the CIO indicated that the company sees a connection between its core expertise and the structure of modern sports markets that it can leverage.

    Betting Culture Is Not Without Its Downsides

    Sports analytics are an integral part of AQR’s corporate culture. Asness himself co-wrote a 2018 academic paper that analyzed the most effective goaltender-pulling strategy in hockey. He suggested that such insights reflect the similar behavioral biases AQR studies in equity and futures markets. According to Asness, betting markets have not fully embraced data-driven decision-making, resulting in potential inefficiencies.

    We think that, particularly in the betting markets, people are probably not as rational. So we do believe there might be opportunities there.

    Cliff Asness, AQR Capital Management co-founder and CIO

    However, Asness expressed some skepticism about what he calls the “gamification” of everyday investing. He was concerned that this trend was increasingly often causing retail bettors to wager more than they could afford. Asness further lamented that the rising sports betting culture was causing fans to care less about supporting their teams and more about their prop bets.

    AQR’s decision on whether to enter the market may depend on the regulatory uncertainty hanging over the sector. Prediction platforms argue their contracts fall under federal commodities law, while individual states increasingly challenge that assumption. Meanwhile, the CFTC has declined to take a firm stance, leaving operators to operate in the gray area between financial regulation and gambling law.

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    Deyan Dimitrov

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  • CME, FanDuel Event Contracts Arriving in December, Will Include Sports

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    Posted on: November 12, 2025, 05:03h. 

    Last updated on: November 12, 2025, 05:03h.

    • The companies announced a joint venture in August.
    • FanDuel Predicts app will launch in December.
    • App will feature sports event contracts in states where sports wagering isn’t permitted.

    CME Group (NASDAQ: CME) and FanDuel said today their previously announced prediction markets partnership is taking shape and will arrive next month in the form of FanDuel Predicts.

    CME
    The CME Group logo. The exchange operator and partner FanDuel will roll out a prediction markets platform, including sports, in December. (Image: CME Group)

    FanDuel Predicts will function as a standalone mobile application, not as part of the standard FanDuel sports betting platform. The big news in the announcement is that the new app will offer sports event contracts in states where sports wagering currently isn’t permitted. That offering will be restricted to clients that are not on tribal lands.

    As new states legalize online sports betting, FanDuel will cease offering sports event contracts in those states,” according to a statement issued by the companies.

    That implies with online sports betting going live in Missouri in December, that state will be off the list of locations where FanDuel Predicts will make sports derivatives available.

    FanDuel Predicts Could Be Effective Way to Enter Big States

    With Missouri joining the party next month, online or retail sports betting is now permitted in 40 states and Washington, DC, but absent from that list are the big fish of California and Texas. Likewise, the sports wagering market in Florida, the third-largest state, is a monopoly controlled by the Seminole Tribe.

    FanDuel and its rivals have been shut out of those states, but prediction markets are regulated at the federal level, providing companies such as Kalshi with access to the states sportsbook operators covet but have yet to enter. That federal regulation could be a prime reason why FanDuel teamed up with CME in a deal announced in August.

    While FanDuel Predicts could be that company’s ticket into the “big three” states and Georgia, it could invite legal challenges, particularly in California and Florida where tribal nations control gaming expansion. However, Kalshi recently notched a legal win in California when a Northern California District Court judge ruled against three tribes that sued the prediction markets giant on the grounds its claim that sports betting is legal in all 50 states breeches the Lanham Act.

    Tribal casino operators aren’t as prominent in Texas, but that state has its own anti-gaming stances that could be hostile to prediction markets. However, the second-largest state has thus far stayed out of legal rifts with event contract firms.

    FanDuel Predicts Not Just Sports

    Central to the CME/FanDuel relationship is the exchange operator’s expertise in financial derivatives, which sets up FanDuel Predicts to offer much more than sports event contracts — a point that was highlighted in August and reiterated today.

    “In addition to sports, event contracts will be offered on benchmarks such as the S&P 500 and Nasdaq-100, prices of oil and gas, gold, cryptocurrencies, and key economic indicators such as GDP and Consumer Price Index (CPI),” according to the press release.

    For now, the bulk of volume on the leading prediction markets is attributable to sports and politics, but many younger bettors and prediction market users are also investors, implying it’s possible crypto- and index-linked derivatives could gain traction.

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    Todd Shriber

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  • MLB, sportsbooks cap bets on individual pitches in response to pitch-rigging scandal

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    Major League Baseball said its authorized gaming operators will cap bets on individual pitches at $200 and exclude them from parlays, a day after two Cleveland Guardians players were indicted and accused of rigging pitches at the behest of gamblers.

    MLB said Monday the limits were agreed to by sportsbook operators representing more than 98% of the U.S. betting market. The league said in a statement that pitch-level bets on outcomes of pitch velocity and of balls and strikes “present heightened integrity risks because they focus on one-off events that can be determined by a single player and can be inconsequential to the outcome of the game.”

    “The risk on these pitch-level markets will be significantly mitigated by this new action targeted at the incentive to engage in misconduct,” the league said. “The creation of a strict bet limit on this type of bet, and the ban on parlaying them, reduces the payout for these markets and the ability to circumvent the new limit.”

    MLB said the agreement included Bally’s, Bet365, BetMGM, Bet99, Betr, Caesars, Circa, DraftKings, 888, FanDuel, Gamewise, Hard Rock Bet, Intralot, Jack Entertainment, Mojo, Northstar Gaming, Oaklawn, Penn, Pointsbet, Potawatomi, Rush Street and Underdog.

    Cleveland pitchers Emmanuel Clase and Luis Ortiz were indicted Sunday in U.S. District Court in Brooklyn on charges they took bribes from sports bettors to throw certain types of pitches. They were charged with wire fraud conspiracy, honest services wire fraud conspiracy, conspiracy to influence sporting contests by bribery and money laundering conspiracy. The indictment says they helped two unnamed gamblers in the Dominican Republic win at least $460,000 on bets placed on the speed and outcome of certain pitches, including some that landed in the dirt.

    Ortiz’s lawyer, Chris Georgalis, said in a statement that his client was innocent and “has never, and would never, improperly influence a game — not for anyone and not for anything.” A lawyer for Clase, Michael J. Ferrara, said his client “has devoted his life to baseball and doing everything in his power to help his team win. Emmanuel is innocent of all charges and looks forward to clearing his name in court.”

    The U.S. Supreme Court in 2018 ruled the Professional and Amateur Sports Protection Act of 1992 was unconstitutional, allowing states to legalize sports betting.

    Ortiz appeared Monday in federal court in Boston. U.S. Magistrate Judge Donald L. Cabell granted Ortiz his release on the condition he surrender his passport, restrict his travel to the Northeast U.S. and post a $500,000 bond, $50,000 of it secured. Ortiz was ordered to avoid contact with anyone who could be viewed as a victim, witness or co-defendant.

    Last month, more than 30 people, including Portland Trail Blazers head coach and Basketball Hall of Famer Chauncey Billups and Miami Heat guard Terry Rozier, were arrested in a takedown of two sprawling gambling operations that authorities said rigged poker games backed by Mafia families and leaked inside information about NBA athletes.

    Billups’ attorney, Chris Heywood, issued a statement denying the allegations. Rozier’s lawyer, Jim Trusty, said in a statement his client is “not a gambler” and “looks forward to winning this fight.”

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    AP MLB: https://apnews.com/hub/MLB

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  • A closer look at the pitches by Clase, Ortiz cited in sporting gambling indictment

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    NEW YORK (AP) — Cleveland Guardians pitchers Emmanuel Clase and Luis Ortiz were indicted Sunday on charges they took bribes from sports bettors to throw specific pitches that would trigger winnings on in-game prop bets.

    Prosecutors identified pitches from Clase and Ortiz that helped two unnamed gamblers from their native Dominican Republic win at least $460,000. This included throwing pitches intentionally outside of the strike zone or within certain velocity ranges. Here’s a closer look at those pitches.

    Emmanuel Clase

    May 19, 2023

    The indictment cites this outing without a photo of the specific pitch, saying the scheme included a bet of about $27,000 that Clase would throw a pitch of greater than 94.95 mph. Clase began with a 98.5 mph cutter to the New York Mets’ Starling Marte that was low and inside in the 10th inning. Marte flied out on the next pitch, but the Mets rallied for a 10-9 win on RBI singles by Francisco Alvarez and Francisco Lindor. Clase took the loss.

    June 3, 2023

    The indictment cited bets of about $38,000 for a ball or hit by pitch and velocity slower than 94.95 mph. An 89.4 mph slider to Minnesota’s Ryan Jeffers bounced well short of home plate starting the ninth inning and hit catcher Mike Zunino near a shoulder, leading an athletic trainer to check on the catcher. Jeffers struck out four pitches later and Clase got the save in a 4-2 win.

    June 7, 2023

    The indictment cited bets of about $58,000 for a ball or hit by pitch and velocity slower than 94.95 mph. Clase started the ninth inning with a 91.4 mph slider to Boston’s Jarren Duran that was caught just above the dirt. Duran walked on four pitches and was stranded as Clase got the save in a 5-3 win.

    April 12, 2025

    The indictment cited bets of about $15,000 for a ball or hit by pitch and velocity slower than 98.95 mph. An 89.4 mph slider to Kansas City’s Bobby Witt Jr. bounced opening the ninth inning. Witt singled three pitches later, starting a two-run, ninth-inning rally in the Guardians’ 6-3 win.

    May 11, 2025

    The indictment cited bets of about $11,000 for a ball or hit by pitch. A 99.1 mph cutter to Philadelphia’s Max Kepler was in the dirt starting the ninth inning. Kepler grounded out five pitches later and the Phillies went on to win 3-0.

    May 13, 2025

    The indictment cited bets of about $3,500 for a ball or hit by pitch and velocity slower than 99.45 mph. A 89.1 mph slider to Milwaukee’s Jake Bauers bounced opening the ninth inning. Bauers struck out five pitches later and Clase got the save in a 2-0 win.

    May 17, 2025

    The indictment cited bets of about $10,000 for a ball or hit by pitch and velocity slower than 97.95 mph. An 87.5 mph slider to Cincinnati’s Santiago Espinal bounced starting the eighth inning. Espinal singled four pitches later. Clase was relieved by Joey Castillo with two outs and two on and got a strikeout in a game the Reds won 4-1.

    May 28, 2025

    The indictment cites the outing without a photo of the specific pitch, saying the scheme included bets of about $4,000 that a pitch would be a ball or hit batter. Clase started the Los Angeles Dodgers’ Andy Pages with a slider that bounced just behind the plate, but Pages swung and missed. Pages grounded out two pitches later to start the ninth and Clase got the save in a 7-4 win. The indictment says a bettor sent Clase a text with a GIF of a man hanging himself with toilet paper and Clase responded with a GIF of a sad puppy dog face.

    Luis Ortiz

    June 15, 2025

    The indictment cited bets of about $13,000 that a pitch would be a ball. A first-pitch 86.7 mph slider to Seattle’s Randy Arozarena bounced starting the second inning. Arozarena walked on five pitches and scored the game’s first run on Miles Mastrobuoni’s RBI single in a five-run inning of a game the Mariners won 6-0.

    June 27, 2025

    The indictment cited bets of about $18,000 that a pitch would be a ball. A first-pitch 86.7 mph slider to St. Louis’ Pedro Pagés bounced and went to the backstop opening the third inning. Pagés homered two pitches later for the game’s first run in a three-run inning, and the Cardinals won 5-0.

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    AP MLB: https://apnews.com/hub/mlb

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  • MLB pitchers Emmanuel Clase and Luis Ortiz charged with taking bribes to rig pitches for bettors

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    NEW YORK (AP) — Cleveland Guardians pitchers Emmanuel Clase and Luis Ortiz have been indicted on charges they took bribes from sports bettors to throw certain types of pitches, including tossing balls in the dirt instead of strikes, to ensure successful bets.

    According to the indictment unsealed Sunday in federal court in Brooklyn, the highly paid hurlers took several thousand dollars in payoffs to help two unnamed gamblers from their native Dominican Republic win at least $460,000 on in-game prop bets on the speed and outcome of certain pitches.

    Clase, the Guardians’ former closer, and Ortiz, a starter, have been on non-disciplinary paid leave since July, when MLB started investigating what it said was unusually high in-game betting activity when they pitched. Some of the games in question were in April, May and June.

    Ortiz, 26, was arrested Sunday by the FBI at Boston Logan International Airport. He is expected to appear in federal court in Boston on Monday. Clase, 27, was not in custody, officials said.

    Ortiz and Clase “betrayed America’s pastime,” U.S. Attorney Joseph Nocella Jr. said. “Integrity, honesty and fair play are part of the DNA of professional sports. When corruption infiltrates the sport, it brings disgrace not only to the participants but damages the public trust in an institution that is vital and dear to all of us.”

    Ortiz’s lawyer, Chris Georgalis, said in a statement that his client was innocent and “has never, and would never, improperly influence a game — not for anyone and not for anything.”

    Georgalis said Ortiz’s defense team had previously documented for prosecutors that the payments and money transfers between him and individuals in the Dominican Republic were for lawful activities.

    “There is no credible evidence Luis knowingly did anything other than try to win games, with every pitch and in every inning. Luis looks forward to fighting these charges in court,” Georgalis said.

    A lawyer for Clase, Michael J. Ferrara, said his client “has devoted his life to baseball and doing everything in his power to help his team win. Emmanuel is innocent of all charges and looks forward to clearing his name in court.”

    The Major League Baseball Players Association had no comment.

    Unusual betting activity prompted investigation

    MLB said it contacted federal law enforcement when it began investigating unusual betting activity and has fully cooperated with authorities. “We are aware of the indictment and today’s arrest, and our investigation is ongoing,” a league statement said.

    In a statement, the Guardians said: “We are aware of the recent law enforcement action. We will continue to fully cooperate with both law enforcement and Major League Baseball as their investigations continue.”

    Clase and Ortiz are both charged with wire fraud conspiracy, honest services wire fraud conspiracy, money laundering conspiracy and conspiracy to influence sporting contests by bribery. The top charges carry a potential punishment of up to 20 years in prison.

    In one example cited in the indictment, Clase allegedly invited a bettor to a game against the Boston Red Sox in April and spoke with him by phone just before taking the mound. Four minutes later, the indictment said, the bettor and his associates won $11,000 on a wager that Clase would toss a certain pitch slower than 97.95 mph (157.63 kph).

    In May, the indictment said, Clase agreed to throw a ball at a certain point in a game against the Los Angeles Dodgers, but the batter swung, resulting in a strike, costing the bettors $4,000 in wagers. After the game, which the Guardians won, one of the bettors sent Clase a text message with an image of a man hanging himself with toilet paper, the indictment said. Clase responded with an image of a sad puppy dog face, according to the indictment.

    Clase, a three-time All-Star and two-time American League Reliever of the Year, had a $4.5 million salary in 2025, the fourth season of a $20 million, five-year contract. The three-time AL save leader began providing the bettors with information about his pitches in 2023 but didn’t ask for payoffs until this year, prosecutors said.

    The indictment cited specific pitches Clase allegedly rigged — all of them first pitches when he entered to start an inning: a 98.5 mph (158.5 kph) cutter low and inside to the New York Mets’ Starling Marte on May 19, 2023; an 89.4 mph (143.8 kph) slider to Minnesota’s Ryan Jeffers that bounced well short of home plate on June 3, 2023; an 89.4 mph (143.8 kph) slider to Kansas City’s Bobby Witt Jr. that bounced on April 12; a 99.1 mph (159.5 kph) cutter in the dirt to Philadelphia’s Max Kepler on May 11; a bounced 89.1 mph (143.4) slider to Milwaukee’s Jake Bauers on May 13; and a bounced 87.5 mph (140.8 kph) slider to Cincinnati’s Santiago Espinal on May 17.

    Prosecutors said Ortiz, who had a $782,600 salary this year, got in on the scheme in June and is accused of rigging pitches in games against the Seattle Mariners and the St. Louis Cardinals.

    Ortiz was cited for bouncing a first-pitch 86.7 mph (139.5 kph) slider to Seattle’s Randy Arozarena starting the second inning on June 15 and bouncing a first-pitch 86.7 mph (139.5 kph) slider to St. Louis’ Pedro Pagés that went to the backstop opening the third inning on June 27.

    Dozens of pro athletes have been charged in gambling sweeps

    The charges are the latest bombshell developments in a federal crackdown on betting in professional sports.

    Last month, more than 30 people, including prominent basketball figures such as Portland Trail Blazers head coach and Basketball Hall of Famer Chauncey Billups and Miami Heat guard Terry Rozier, were arrested in a gambling sweep that rocked the NBA.

    Sports betting scandals have long been a concern, but a May 2018 U.S. Supreme Court ruling led to a wave of gambling incidents involving athletes and officials. The ruling struck down a federal ban on sports betting in most states and opened the doors for online sportsbooks to take a prominent space in the sports ecosystem.

    Major League Baseball suspended five players in June 2024, including a lifetime ban for San Diego infielder Tucupita Marcano for allegedly placing 387 baseball bets with a legal sportsbook totaling more than $150,000.

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    This story was first published on Nov. 9. It was updated on Nov. 11 to correct that, according to an indictment, a bettor sent Clase an image of a man hanging himself with toilet paper. Clase didn’t send that image to the bettor.

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    Associated Press reporters Eric Tucker in Washington and Ron Blum in New York contributed to this report.

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  • Ex-NBA player Damon Jones pleads not guilty to selling injury secrets

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    NEW YORK — Former NBA player and assistant coach Damon Jones pleaded not guilty Thursday to charges he profited from rigged poker games and provided sports bettors with non-public information about injuries to stars LeBron James and Anthony Davis.

    Jones, a onetime teammate of James, said little during back-to-back arraignments in federal court in Brooklyn, letting his court-appointed lawyer enter not guilty pleas in a pair of cases stemming from last month’s federal takedown of sprawling gambling operations.

    Jones, 49, acknowledged he read both indictments and that he understood the charges and his bail conditions, which include his mother and stepfather putting up their Texas home as collateral for a $200,000 bond that will allow him to remain free pending trial.

    Jones’ lawyer, Kenneth Montgomery, told a judge that they “may be engaging in plea negotiations.” He is due back in court for a preliminary conference with other defendants on Nov. 24.

    Jones was among more than 30 people arrested in the gambling sweep. The others included reputed mobsters and prominent basketball figures, including Portland Trail Blazers head coach and Basketball Hall of Famer Chauncey Billups and Miami Heat guard Terry Rozier.

    Sports bettor Marves Fairley also pleaded not guilty Thursday to charges alleging he cashed in on information about injuries to NBA players, including some that prosecutors say Jones provided to him.

    Jones, an NBA journeyman, earned more than $20 million playing for 10 teams in 11 seasons from 1999 to 2009. He and James played together in Cleveland from 2005 to 2008 and he served as an unofficial assistant coach for James’ Los Angeles Lakers during the 2022-2023 season.

    According to prosecutors, Jones sold or attempted to sell non-public information to bettors that James was injured and wouldn’t be playing in a Feb. 9, 2023, game against the Milwaukee Bucks, texting an unnamed co-conspirator: “Get a big bet on Milwaukee tonight before the information is out.”

    James wasn’t listed on the Lakers’ injury report at the time of the text message, but the NBA’s all-time scoring leader was later ruled out of the game because of a lower body jury, according to prosecutors, and the Lakers lost the game 115-106.

    On Jan. 15, 2024, prosecutors said, Fairley paid Jones approximately $2,500 for a tip that Davis, the Lakers’ forward and center at the time, would see limited playing time against the Oklahoma City Thunder because of an injury.

    Fairley then placed a $100,000 bet on the Thunder to win, prosecutors said, but the tip was wrong. Davis played his usual minutes, scored 27 points and collected 15 rebounds in a 112-105 Lakers win, prompting Fairley to demand a refund of his $2,500 fee, prosecutors said.

    Jones, a native of Galveston, Texas, who played college basketball at the University of Houston, is charged in both cases with wire fraud conspiracy and money laundering conspiracy. As part of his bail agreement, his travel is restricted to parts of Texas and New York City. He was allowed to keep his passport to use as identification for flying until he obtains a REAL ID, which his lawyer said should happen soon.

    A hot hand from outside the three-point arc, Jones once proclaimed himself in an interview with insidehoops.com as “the best shooter in the world.” He played in every regular season game for three consecutive seasons from 2003 to 2006.

    After his playing days, he worked as a “shooting consultant” for the Cavaliers and was an assistant coach when the team, led by James, won the NBA championship in 2016.

    In the poker scheme, according to prosecutors, Jones was among former NBA players used to lure unwitting players into poker games that were rigged using altered shuffling machines, hidden cameras, special sunglasses and even X-ray equipment built into the table.

    According to the indictment, Jones was paid $2,500 for a game in the Hamptons where he was instructed to cheat by paying close attention to others involved in the scheme. His instructor likened those people to James and NBA All-Star Steph Curry, prosecutors said. When in doubt, Jones was told to fold his hand, prosecutors said.

    In response, according to prosecutors, Jones texted: “y’all know I know what I’m doing!!”

    The poker scheme often made use of illegal poker games run by New York crime families that required them to share a portion of their proceeds with the Gambino, Genovese and Bonnano crime families, according to prosecutors.

    Members of those families, in turn, also helped commit violent acts, including assault, extortion and robbery, to ensure repayment of debts and the continued success of the operation, officials said in court documents.

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  • Ex-NBA player Damon Jones to be arraigned in illegal gambling probe

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    Ex-NBA player Damon Jones to be arraigned in illegal gambling probe – CBS News










































    Watch CBS News



    Former NBA player Damon Jones is set to be arraigned Thursday in connection with two federal criminal cases into illegal betting. CBS News’ Meg Oliver has the latest.

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  • NCAA delays rule change permitting college athletes to bet on professional sports

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    The NCAA is delaying a rule change that will allow athletes and athletic department staff members to bet on professional sports.

    The Division I Board voted Tuesday to delay the effective date of the sports betting legislative change, moving it from Nov. 1 to Nov. 22, one day after the close of a membership rescission period.

    A rarely used rule allows 30 days for each Division I school to vote to rescind a proposal if it is adopted by less than 75% of the Division I cabinet. The original vote to approve betting was under that threshold earlier this month.

    SEC Commissioner Greg Sankey sent a note to NCAA President Charlie Baker on Saturday expressing concerns about the rule change.

    Even if the rule on betting on professional sports changes, that doesn’t change the NCAA rule forbidding athletes from betting on college sports. The NCAA also prohibits sharing information about college competitions with bettors.

    This comes less than a week after an NBA coach and player were arrested in a takedown of two sprawling gambling operations that authorities said leaked inside information about NBA athletes. Heat guard Terry Rozier was accused of exploiting private information about players to win bets on NBA games.

    Despite the change, the NCAA emphasized that it doesn’t endorse betting on sports, particularly for student-athletes.

    Baker anticipated the rule change would be passed when he talked with the media recently at a Big East Conference roundtable on the future of college basketball.

    “This change recognizes the realities of today’s sports environment without compromising our commitment to protecting the integrity of college competition or the well-being of student-athletes,” said Roberta Page, athletic director at Slippery Rock and chair of the Division II Management Council.

    The change comes as NCAA enforcement caseloads involving sports betting violations have increased in recent years. Last month, the NCAA banned three men’s college basketball players for sports betting, saying they had bet on their own games at Fresno State and San Jose State and were able to share thousands of dollars in payouts.

    “We run the largest integrity program in the world on sports betting across all the various games,” Baker said. “Sadly, we discovered some student-athletes involved with some problematic activity.”

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    AP college sports: https://apnews.com/hub/college-sports

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