ABC didn’t even wait for Cleveland to finish the job. During Game 7 of the Cavaliers-Pistons second-round series, the network accidentally aired a fully produced Knicks-Cavaliers ECF promo before the outcome was decided. The internet lost its mind. Detroit fans declared the fix was in. And honestly? The basketball gods agreeing with ABC on theContinue reading “The Knicks Are -245 ECF Favorites and History Says That Should Terrify You”
Author Archives: Tyler Foster
Senate Sports Betting Hearing: What the “No Sure Bets” Hearing Actually Means
The Senate Commerce Subcommittee has scheduled a hearing for May 20 titled “No Sure Bets: Protecting Sports Integrity in America,” and if you follow this industry closely, the name alone tells you everything about who’s driving the agenda. Congress doesn’t call a hearing “No Sure Bets” because it’s trying to protect you. It calls aContinue reading “Senate Sports Betting Hearing: What the “No Sure Bets” Hearing Actually Means”
Kalshi Is Running a Sportsbook and Calling It a ‘Prediction Market’ — And States Are Fighting Back
Kalshi raised $1 billion yesterday. Sequoia, a16z, and Coatue handed it over at a $22 billion valuation — making Kalshi one of the most richly valued companies in the prediction market space, or the sports betting space, depending on which regulator you ask. Arizona says the second one, and they’ve filed 20 criminal misdemeanor countsContinue reading “Kalshi Is Running a Sportsbook and Calling It a ‘Prediction Market’ — And States Are Fighting Back”
Renegade Is the Derby Favorite — But the Rail Hasn’t Won in 40 Years and the Sharp Money Knows It
Thirty-nine races. Zero winners from Post 1. The last horse to win the Kentucky Derby from the rail was Ferdinand in 1986 — when Ronald Reagan was president and the internet didn’t exist. That’s the number you need to hold onto before you do anything with Renegade today. Renegade is a good horse. Todd PletcherContinue reading “Renegade Is the Derby Favorite — But the Rail Hasn’t Won in 40 Years and the Sharp Money Knows It”
The Kentucky Derby Has an Algorithm Problem — And Bettors Are About to Get Burned Again
Tomorrow is the 152nd Kentucky Derby. Renegade sits at 4-1. Commandment and Further Ado are right behind at 6-1. The whole country is going to dump money into the pools. And a chunk of that money is going to get eaten by a machine. Not a scam in the back room. Not a crooked jockey.Continue reading “The Kentucky Derby Has an Algorithm Problem — And Bettors Are About to Get Burned Again”
The Appeals Court Ruling That Could Send Sports Betting to the Supreme Court
Eight years ago, PASPA fell and 39 states built a $13-plus billion legal sports betting industry from the rubble. Now a federal appeals court ruling — and a circuit split that appears to be forming in real time — could bypass that entire structure, not through new legislation but through a 1974 commodities law thatContinue reading “The Appeals Court Ruling That Could Send Sports Betting to the Supreme Court”
MLS Banned Two Players for Betting on Games While Cashing MGM’s Checks
The league that has a multi-year partnership with BetMGM — with MGM Resorts signage on over 100 nationally broadcast matches — just handed out two lifetime bans to players who did essentially the same thing MLS does: profit from gambling on MLS games. The difference is that Derrick Jones and Yaw Yeboah didn’t have aContinue reading “MLS Banned Two Players for Betting on Games While Cashing MGM’s Checks”
The College Basketball Point-Shaving Scandal Is Exactly What Betting Critics Said Was Coming
If you wagered on mid-major college basketball over the past two seasons, there’s a real chance you lost money to a fixed game. Not a maybe. Not a conspiracy theory. A federal indictment unsealed in January laid it out: 29 games fixed or attempted across 17 Division I programs, 39+ players implicated, and a gamblingContinue reading “The College Basketball Point-Shaving Scandal Is Exactly What Betting Critics Said Was Coming”
Prediction Markets Want to Eat Sportsbooks’ Lunch — And They Might Actually Do It
The day Kalshi launched Combos — its parlay product — DraftKings stock dropped 12% in a single session. Two and a half billion dollars in market cap, gone. Not because Kalshi had that many users. Because Wall Street finally believed the threat was real. This is the most important fight in American gambling since aContinue reading “Prediction Markets Want to Eat Sportsbooks’ Lunch — And They Might Actually Do It”
DraftKings Is Spending $48M to Kill Prediction Markets While Secretly Building One — This Is the Industry
A federal appeals court ruled on April 6 that Kalshi’s sports contracts are legal “swaps” under the Commodity Exchange Act, putting the CFTC — not state gaming boards — in the driver’s seat on prediction markets. The Third Circuit went 2-1. The dissenting judge called it “a performative sleight meant to obscure the reality thatContinue reading “DraftKings Is Spending $48M to Kill Prediction Markets While Secretly Building One — This Is the Industry”
Betting Sports Blog 