October betting smashes handle records in 17 jurisdictions
Here are those boffo October numbers we promised you. It’s worth noting that records fell in all nine states that have opened since the start of 2022, with Kentucky still to report.
SBJ Betting: You’ll know a sportsbook when you see it. Or will you?
The December 5 edition of the SBJ Betting newsletter looks deeper at the difference between prediction markets such as Kalshi and sportsbooks like DraftKings ... and if they're becoming harder to distinguish in sports betting circles.
Unpacking the court wranglings that surround sports prediction markets
Jay Clayton, the former Securities Exchange Commission chair who now leads the U.S. attorney’s office in Manhattan, laid out a reasoned, measured approach to what has become a complicated legal debate earlier this week when he was asked how prediction markets should be regulated.
SBJ Betting: Colleges must stop pearl-clutching, back NCAA policy change
The November 21 edition of the SBJ Betting newsletter reports on how college sports should approach athletes gambling, Fanatics working with Crypto.com on predictions product, the effect sports gambling has had on North Carolina and record handles in 16 jurisdictions.
Everybody into the pool: Fanatics pairs with Crypto on predictions
Fanatics became the latest of the U.S. sportsbooks to declare its path into the prediction market fray Thursday, confirming a tie-up with Crypto.com. Like FanDuel and DraftKings, Fanatics said it will offer the product only in states in which it does not have a sportsbook license.
Legal sports betting has its perils, but a college QB betting on the Chiefs isn’t among them
Update: More than two-thirds of NCAA schools voted to overturn a rule change that would have allowed gambling on professional sports, the NCAA announced Friday evening.
FanDuel to include sports when it enters prediction fray in December
FanDuel will include sports picks on the menu of prediction market contracts it will offer when it launches its FanDuel Predictions app in conjunction with derivatives exchange operator CME Group in December.
SBJ Betting: DraftKings’ patience with ESPN pays off
The November 7 edition of the SBJ Betting newsletter features an interview with DraftKings CEO Jason Robbins right after his company made a sports gambling deal to replace Penn as ESPN's partner.
Analysis: Why ESPN Bet didn’t succeed
The early demise of ESPN Bet may well trace back to its launch on Nov. 14, 2023.
DraftKings’ Jason Robins on ESPN deal: ‘We were there, fortunately, in waiting’
Not long after the February earnings call in which Penn Entertainment CEO Jay Snowden first mentioned that the company would consider exiting its ESPN Bet deal if the sportsbook’s performance didn’t improve, DraftKings CEO Jason Robins contacted ESPN Chair Jimmy Pitaro to offer a soft landing.