Discussion

• @mansourtarek_ Tarek Mansour on x

  Casino lobby hard at work.  There is a reason tens of millions of people use regulated prediction markets: it's a better product.  Banning just pushes this offshore, where no regulation exists.  This bill isn't about protecting consumers; it's about protecting monopolies.

• @claytravis Clay Travis on x

  The most fascinating legal battle in sports media right now is whether it's legal for prediction markets to do sports. State legal cases are everywhere. Now a senate bill has been introduced to try and ban prediction markets from sports: https://www.wsj.com/...

• @thiccyth0t @thiccyth0t on x

  why should anyone care to advance sportsbetting and other forms of vice technology designed to recycle ubi dollars from western democracies? prediction markets are a cool concept but can someone remind me why anyone cares if odds on sports games get better price discovery?

• @senadamschiff Adam Schiff on x

  Prediction markets are offering sports bets — just with a different name.  They are being offered in states where sports betting is illegal, like California, while federal regulators are greenlighting them rather than enforcing the law.  My bipartisan legislation with @SenJohnCur…

• @coffeebreak_yt Coffeezilla on x

  “Casino lobby hard at work” says guy part of a prediction market lobby group. [image]

• @gerberkawasaki Ross Gerber on x

  The end of kalshi's illegal sports betting operation is near. The rush to separate young people from their money will be stopped. https://www.wsj.com/...

• @rothmus @rothmus on x

  This Adam Schiff post is brought to you by Indian casinos. (Seriously though, $450,000 in campaign donations) [image]

• @johndoyle John Doyle on x

  Guy who takes hundreds of thousands of dollars from Indian casinos has a problem with gambling lol [image]

• @davidaxelrod David Axelrod on x

  This is a real thing. The betting markets allow those with inside knowledge to profit from it. It's an invitation to corruption. Meanwhile, Trump Jr. has a relationship with BOTH of the leading prediction sites. What could possibly grow wrong?

• @ediyork Elisabeth Diana on x

  markets > monopolies

• @senjohncurtis Senator John Curtis on x

  Young people in Utah are getting exposed to addictive sports betting and casino-style gaming contracts that belong under state control, not federal regulators. Our bipartisan bill ensures that states can maintain their authority over these markets. https://www.wsj.com/...

• @evan_ss6 @evan_ss6 on x

  @thiccyth0t there's rly no good reason to promote better price discovery on sports; it's all about moving it out of black/gray markets into regulated/taxed ones that are much more easily surveilled

• @agustinlebron3 Agustin Lebron on x

  There's a reason tens of millions of people use “regulated” sports betting sites masquerading as prediction markets: it's been relentlessly pushed down the throats of sports watchers in the US for the last couple of years in order to find and extract max $ from problem gamblers.

• @rahmemanuel Rahm Emanuel on x

  President Trump, his cabinet, members of Congress, and all federal officials cannot bet on prediction markets tied to U.S. policy or military action. This can be done by an executive order, but we know that won't happen, as Donald Trump has normalized corruption in the White [vid…

• @stacy_muur Stacy Muur on x

  Funny how lawmakers are concerned about prediction markets where traders actually set the odds, rather than centralized companies that extract bettors through house edge. DraftKings, for one, spent $945K on lobbying last year. Guess where that money went. [image]

• @dustingouker Dustin Gouker on x

  Senator from Utah, famously motivated by casino interests

• @nickdevor_ Nick Devor on x

  Kalshi spox @ediyork statement: “Banning sports on regulated prediction markets would just push this behavior offshore, where no regulation exists. “It's clear this bill is motivated by casino interests that are threatened by competition. They're more worried about protecting

• @nickdevor_ Nick Devor on x

  Where's the prediction market on whether this bill gets signed into law?

• @spacexbt @spacexbt on x

  banning sports on polymarket is like 9/11 for them out of $350mil total volume, sports represents $225mil that's 66% or 2/3 of their entire volume would've been a great short if $poly was live [image]

• @alpha_pls @alpha_pls on x

  This would be devastating for Kalshi, and quite bad for Polymarket. Majority of Kalshi's volume comes from sports betting. Polymarket is a bit more diversified, but will still be a good chunk for them as well. Might even convince some of the airdrop farmers to stop too.

• @benhorney Ben Horney on x

  Big news (although long way to go before this becomes law) Kalshi responded, saying this is “motivated by casino interests that are threatened by competition.” “Banning sports on regulated prediction markets would just push this behavior offshore, where no regulation exists.”

• @adamscochran Adam Cochran on x

  Interesting how none of them want to ban sports betting in betting apps that can front run customers and set their own odds though.  But the gambling lobby that donates millions to Congress shows up, and now Congress cares about the more strictly regulated CFTC approved industry?…

• @mdudas Mike Dudas on x

  “DraftKings stock rose 7.2% in premarket trading early Monday morning. Shares of Flutter Entertainment, the parent company of FanDuel, gained 9.4%.” https://www.wsj.com/...

• @sportsrapport Ryan Glasspiegel on x

  We are in about the third inning of where prediction market legality lands https://www.wsj.com/...

• @aosipovich Alexander Osipovich on x

  There's now a bipartisan effort in the Senate to boot prediction markets like Kalshi out of sports betting. Republican John Curtis, from anti-gambling Utah, is co-sponsoring the bill with Trump foe Adam Schiff (D, CA). Scoop from my WSJ colleague @kryshur https://www.wsj.com/...

• @knibbs Kate Knibbs on bluesky

  yet another prediction markets bill!  www.wsj.com/finance/regu...

• @stevekovach Steve Kovach on bluesky

  That would eliminate most of Kalshi's business.  (not sure about Polymarket) [embedded post]

• r/politics r on reddit

  Lawmakers to Introduce Bipartisan Bill Banning Sports Bets on Prediction Markets