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”

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”

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