- Fanatics founder and CEO Michael Rubin touched on prediction markets during his session earlier this week at the CAA World Congress of Sports, reports my SBJ colleague Joe Lemire, noting the bonuses that come from entering the sector, especially when it comes to states that don’t permit online sports gambling.
- Win America, a super PAC funded by DraftKings, FanDuel and Fanatics, raised $41 million through its most recent reporting period as it eyes the 2026 election cycle.
- A study released Monday from the Siena Research Institute and St. Bonaventure reports that 27% of Americans, and 52% of men ages 18-49, say they have active online sportsbook accounts.
- The Ohio Casino Control Commission fined Kalshi $5 million for operating unlicensed sports gaming, reports the Columbus Dispatch.
- Gary Gensler, a former chair of the Commodity Futures Trading Commission and the Securities and Exchange Commission, tells Barron’s that prediction markets have gone beyond what the Congress or other lawmakers intended.
- Wisconsin Gov. Tony Evers signed a law that lays the groundwork for online sports betting in the state, with a message for its 11 Native American tribes to work together so that all benefit, per the Milwaukee Journal-Sentinel.
- The New York Times reports on another person who became addicted to online sports gambling — New Haven police chief Karl Jacobson — and the ramifications that can come from the ubiquity of smartphones and betting and prediction market apps, especially when it comes to those with access to public funds.
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