Covering the U.S. sports betting industry with news, features & analysis on business, legislation, consumer protection more. Also see @casino_reports
Joined April 2025
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🚨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, with as much context available.
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Read more in our legislative roundup: ingame.com/legislative-round…
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Susquehanna International Group’s prediction market desk took its biggest sports loss making markets during the Knicks’ Game 4 NBA Finals comeback Wednesday, while Kalshi reported a record day for volume.
Susquehanna’s losses, a source familiar with the situation says, were almost entirely on the game-winner market.
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Bean’s comments on the New Normal tribal webinar were part of a chorus of anti-prediction voices that reacted with anger, frustration, and a renewed vigor to fight after the CFTC announced proposed rules that would put a framework around prediction markets and sports event contracts, which have been roiling the legal sports betting industry for more than a year.
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It seems pretty fair to say that when the history of legal sports betting in America gets written, New Jersey will get top billing.
But a series of bills now at different stages in the state legislative process threaten to, at best, change the way things are done in the state, and at worst, kind of flip over the whole apple cart.
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Perhaps creating a challenge for the CFTC is the fact that parts of rule 40.11 refer to a “prohibition” and say that exchanges “shall not list” these contracts for trading.Â
The CFTC did not propose a removal of that language. Instead, it argues that the language could never have referred to a ban in the first place, because it says Congress did not give it the authority to ban classes of contract outright.
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Read more here: ingame.com/sports-contracts-…
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The CFTC has published its new proposed rules on prediction markets.
The rulemaking document identifies “player injury contracts,” “officiating outcome contracts,” “discrete outcome contracts based on specific participants,” and “pre-collegiate sports events” as likely to be against the public interest.
The CFTC is set to announce on Wednesday new rules for prediction markets, including restrictions on “micro-betting” types of markets, The Wall Street Journal reports.
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Read more from @jeffedelstein -- ingame.com/brendan-sorsby-co…
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