The MLB Players Association asked the league to do something rare: spend its lobbying muscle protecting players instead of a revenue stream. MLB said no. A letter MLBPA general counsel Jeffrey Perconte sent to Congress this month, first reported by SBC Americas and confirmed since by ESPN and CDC Gaming, tells the real story: duringContinue reading “The MLBPA Wanted MLB to Help Ban Prop Bets. MLB Said No. Guess Whose Sponsorship Money Depends on Them.”
Tag Archives: DraftKings
FanDuel and DraftKings Are in Court Arguing Their VIP Programs Don’t Fuel Addiction. Come On.
Terry Thompson wagered $22 million with DraftKings and FanDuel over five years. He lost $1.8 to $2 million of it. His last documented bet was a $10,000 DraftKings parlay this past February. Christopher Sage lost around $175,000 across both apps. Both men are now suing. FanDuel and DraftKings’ response, filed in Philadelphia court this July,Continue reading “FanDuel and DraftKings Are in Court Arguing Their VIP Programs Don’t Fuel Addiction. Come On.”
Prediction Markets Just Lapped the Entire Legal Sportsbook Industry, and Regulators Are Still Fighting Over Who Gets to Stop Them
Kalshi and Polymarket moved more sports money in a single month this spring than every legal U.S. sportsbook combined handled monthly all of last year. $24 billion in April. Against roughly $14 billion a month wagered at licensed books in 2025. That gap has only widened since: $44.8 billion combined in June, then north ofContinue reading “Prediction Markets Just Lapped the Entire Legal Sportsbook Industry, and Regulators Are Still Fighting Over Who Gets to Stop Them”
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 companyContinue reading “Kalshi Just Won a Big Court Case. It’s Still Losing the War With 19 States.”
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 ofContinue reading “A Gambling Ad Every Four Minutes: Sports TV Has Become One Long Sportsbook Commercial”
A Gambling Reference Every 4 Minutes: Sports TV Has a Problem It Won’t Admit
The Washington Post trained an AI to watch 50 hours of sports television and count gambling references — commercials, arena logos, broadcast overlays, analysts quoting spreads. Nearly 90,000 frames analyzed. The result: one gambling reference every four minutes, across every sport, every broadcast, every network. Hockey was the worst. Gambling references appeared in 60% ofContinue reading “A Gambling Reference Every 4 Minutes: Sports TV Has a Problem It Won’t Admit”
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”
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