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Kalshi Just Won a Big Court Case. It’s Still Losing the War With 19 States.
Kalshi picked up a real win in April. The Third Circuit Court of Appeals ruled that the Commodity Exchange Act preempts New Jersey’s gambling law as applied to Kalshi’s sports-related contracts. Translation: the CFTC regulates this stuff, not a state gaming commission, and New Jersey can’t touch it. That’s a legitimate headline for a company…
The World Cup Final Is a Spain Trap
Spain conceded one goal in seven World Cup games. They are unbeaten in 37 straight matches. They shut down Kylian Mbappe and France 2-0 without breaking a sweat. On paper, Spain -164 for the World Cup Final on Sunday looks like the most obvious bet in sports history. That should terrify you. The books opened…
Morocco Is +550 to Beat France and I’m Not Fading It
FanDuel has France at -420 to advance past Morocco tonight at Gillette Stadium. Eighty-five percent of bets are on France. Eighty-seven percent of the money is on France. And yet. Morocco is +310 to advance. That’s a real number. These are real dollars you could put on a team that went to the 2022 World…
Massachusetts Is Teaching Kids the Real Cost of a Parlay. The Gambling Industry Has Opinions About That.
In the spring of 2025, MACGH — the Massachusetts Council on Gaming and Health brought a five-session curriculum into five high schools and three community organizations around the state. The program walked teenagers through how gambling advertising works, what the actual math on a parlay looks like, and what problem gambling warning signs feel like…
Polymarket: Someone Lost $8.6 Million on a Belgium Draw and the Industry Doesn’t Want You Connecting the Dots
A trader on Polymarket went by “leeeroyjenkins.” He staked $8.6 million on Belgium to beat Egypt in the 2026 World Cup group stage. A win would have paid out $13.1 million. Belgium drew 1-1. Win-only contract. Zero payout. The full $8.6 million gone. Dark humor Twitter did its thing — “should’ve bet the draw,” etc.…
World Cup Betting Is Having Its Best Tournament Ever — and Bettors Are Getting Torched
The 2026 World Cup is the biggest betting event in American sports history. US sportsbooks are projecting a tournament-long handle somewhere between $2.82 billion and $4.3 billion, which would dwarf the last three Super Bowls combined. Kalshi hit $1 billion in single-day prediction market volume for the first time in its existence. The numbers are…
Gambling Ads Are Now on Screen Every Four Minutes. We’ve All Just Accepted This.
The Washington Post ran an investigation last week and the finding was so obvious it felt like a prank. Using AI to analyze roughly 90,000 video frames across 50 hours of live sports TV, they found that gambling-related content appears every four minutes on average. Twenty-seven percent of one-minute segments contained something gambling-related. One hundred…
A Gambling Ad Every Four Minutes: Sports TV Has Become One Long Sportsbook Commercial
The Washington Post built an AI tool, pointed it at 50 hours of football, basketball, and hockey broadcasts recorded across six TV channels and a streaming service, and asked it to count. The result: a gambling reference — ad, graphic overlay, sponsored segment, or physical signage — every four minutes on average. Twenty-seven percent of…
Federal Indictments Are Doing Congress’s Job on Sports Betting
The federal government has now charged an MLB pitcher with taking bribes to rig pitches, arrested 34 people across two concurrent NBA gambling investigations, and indicted 39-plus college basketball players across 17 Division I programs in a point-shaving operation that ran for nearly three years. Sports betting integrity isn’t a hypothetical concern anymore. It’s a…
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